Meta Pixel

News and Announcements

Unity Pacific’s San Remo Valuation Increase

  • Published April 13, 2016 1:00PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

13th April 2016, ASX Announcement

As previously announced, Unity Pacific Limited (ASX: UPG) (Unity Pacific) is conducting an expressions of interest (EOI) process for tis corporate vehicle, including the assets which will remain after the sale of 308 Queen Street/88 Creek Street, Brisbane.

The largest property asset that will remain is Unity Pacific’s parcel of land in San Remo, Victoria (the Land).

In light of recent sales activity in San Remo and the surrounding area, the Board commissioned an independent valuation of the Land as at 31 March 2016.

The book value of the Land in Unity Pacific’s 31 December 2015 half year accounts was $3.85 million. The independent valuer has determined that the value of the Land on an ‘is as’ basis is $6 million as at 31 March 2016.

To view the full article please click on the button below.

Capital Insights
Where’s the beef? Blackstone just answered the AI question.

In 1984, a fast food ad asked a question that became a catchphrase. Where’s the beef? Jon Gray, President of Blackstone, used that line this month in front of global LPs. It is the question every capital allocator is asking about AI. Trillions of dollars are going into chips, data centres and power. That is […]

Company Updates
The Best of Both Worlds: How Omnique Fund is Rewiring Real World Assets via Tokenisation

For decades, the playbook for Australia’s wholesale investors has remained relatively unchanged: pick between the slow-moving, illiquid reliability of tangible assets like property and gold, or chase the frictionless, high-velocity liquidity of public equity and digital markets. But as macroeconomic volatility spikes and a structural housing deficit reshapes private debt demand, sophisticated investors are demanding […]

Join over 45,000+ sophisticated investors

Join Now