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AXTEC LIMITED — Capital/Financing Update 2021
Sep 23, 2021
64479_rns_2021-09-23_556adc5d-dc9a-4e49-9ef3-11ac0fbbc386.pdf
Capital/Financing Update
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24 September 2021
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----- Start of picture text ----- ASX CODEAXIISSUED CAPITALOrdinary Shares432.7 MCONTACTSouth AustraliaLevel 1, Leigh Chambers20 Leigh StreetAdelaide SA 5000GPO Box 1248Adelaide SA 5001Phone: (08) 8120 2400Email: [email protected]New South WalesSuite 2007, Level 20Australia Square----- End of picture text -----
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----- Start of picture text ----- Sydney NSW 2000Phone: (02) 8318 4700Email: [email protected]----- End of picture text -----
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AXIOM SIGNS HEADS OF AGREEMENT BUTLER CENTRAL HOMEMAKER CENTRE
Adelaide, Australia, Friday 24 September 2021: Axiom Properties Limited
(ASX:AXI) today advises it has entered into a Heads of Agreement to sell its Butler Central Homemaker Centre in Perth WA to Western Australian private company The Lester Group, a family owned and operated property investment and syndication business.
The non‐binding Heads of Agreement is subject to a number of conditions precedent, primary amongst which is a period of due diligence which has been granted by the Company for a period of 45 days.
The Company’s Butler project consists of a large format retail precinct comprising nearly 15,000 sq.m of retail and services based tenancies located adjacent a thriving Woolworths supermarket and the Butler train station. The shopping centre precinct has recently been purchased by funds management giant Charter Hall.
Construction on the project commenced last month with national construction company ADCO Constructions, and completion is expected in June 2022. The Centre is currently approximately 60% pre‐leased to major national tenants, with Vend Property handling the leasing campaign.
Authorised for release by the Board.
About Axiom Properties Ltd
Axiom Properties Ltd is a property development and investment business focused on developing and delivering quality property solutions. Axiom’s principal objective is to create long term value for shareholders through creating a well‐respected property development and investment company that consistently delivers above industry returns on capital.
For more information, please contact: Ben Laurance Managing Director +02 8318 4700