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BLACKWALL LIMITED — Capital/Financing Update 2018
Oct 15, 2018
64590_rns_2018-10-15_bdbd67b0-2377-40c3-9e4e-b005c5a0eb3f.pdf
Capital/Financing Update
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16 October 2018
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ASX Release
Bakehouse Quarter Sale Update
As previously disclosed, on 28 September 2018, YUHU Group exercised a call option to purchase the Bakehouse Quarter. The resulting contract was conditional on the transaction either being approved by the Foreign Investment Review Board or being deemed to be approved. In the event that the condition was not satisfied, the purchaser had the right to nominate another party to complete its obligations under the contract, or rescind.
Solicitors for the owner of the Bakehouse Quarter (the Kirela Development Unit Trust) have received a notice from YUHU Group’s solicitors advising that the condition described above has been satisfied. Settlement is contracted to take place on 20 February 2019.
For further information please contact:
Stuart Brown (CEO) on 0413 921 570 or [email protected].
Tim Brown (CFO) on 0416 925 376 or [email protected].
BLACKWALL LIMITED (ASX Code: BWF) ABN 37 146 935 131
BLACKWALL PROPERTY TRUST (ASX Code: BWR) ABN 68 450 446 692
50 Yeo Street, Neutral Bay, Sydney NSW 2089 Australia | PO Box 612, Neutral Bay, Sydney NSW 2089 Australia | Tel +61 2 9033 8611 | Fax +61 2 9033 8600 | www.blackwall.com.au