NOVION PROPERTY GROUP 22 December 2014
ASX Announcement Settlement of The Entertainment Quarter, NSWNovion Property Group (Novion or the Group, ASX:NVN) announces that the sale of The Entertainment Quarter, NSW has settled, post approval of the transaction by the ground lessor and the Crown.
The asset was held 50% on Novion's balance sheet and 50% in Novion Retail Partnership and was sold for the agreed price of $80 million as announced on 4 June 2014. The Group's $40 million share of proceeds will be used initially to repay bank debt.
For further information please contact: ENDSMichael Gorman Deputy CEO and Chief Investment Officer | |
T | +61 2 8229 7802 |
E | michael.gorman@novion.com.au |
Novion Property Group (Novion, ASX:NVN) is one of Australia's leading retail property groups, with a fully integrated funds and asset management platform, and $14.7 billion in retail assets under management. Listed on the Australian Securities Exchange, Novion holds interests in 27 directly-owned retail assets across Australia, manages 18 assets on behalf of strategic partners (9 of which are co-owned with Novion) and has over 17,000 investors across 18 countries. For more information, visit novion.com.au, or use your smartphone to scan this QR code to visit our Investor centre.
Novion Property Group
Comprising: Novion Limited
ABN 79 167 087 363
Novion Trust
ARSN 090 150 280
Responsible Entity
Novion RE Limited
ABN 33 084 098 180 AFSL 235384
Level 39, MLC Centre
19 Martin Place
Sydney NSW 2000
GPO Box 4048
Sydney NSW 2001
T +61 2 8229 7700
F +61 2 8229 7705
W novion.com.au
|
distributed by
|
