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DEXUS — Capital/Financing Update 2014
Jun 18, 2014
64807_rns_2014-06-18_e87286fa-0400-4607-bb56-23b5f777bb5a.pdf
Capital/Financing Update
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Boral’s sale of former quarry at Greystanes
Boral Limited (ASX: BLD) today announced that it has entered into an agreement with the DEXUS Property Group (DEXUS) for the sale of the last stage of the Greystanes Estate Development known as Quarrywest.
The purchase price for the 25.64ha parcel of land is $50.5 million and a design and construction contract will be entered into to undertake the landform works. The transaction is broadly in line with book value.
Boral’s Greystanes Estate Development project was awarded the winner of the “Best Business or Industrial Park” at the prestigious 2013 Property Council of Australia Innovation and Excellence Awards.
The transaction is expected to settle on 26 June 2014.
Kylie FitzGerald, Investor and Media Enquiries Tel: 02 9220 6591 or 0401 895 894
Boral Limited ABN 13 008 421 761 – PO Box 1228 North Sydney NSW 2059 - www.boral.com.au