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GARDA PROPERTY GROUP — Capital/Financing Update 2025
Aug 18, 2025
64972_rns_2025-08-18_16779731-50d6-4e59-9872-703f64f2ae38.pdf
Capital/Financing Update
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Garda Property Group
Level 21, 12 Creek Street W gardaproperty.com.au Brisbane QLD 4000 E [email protected] GPO Box 5270 P +61 7 3002 5300 Brisbane QLD 4001
19 August 2025
CAIRNS CORPORATE TOWER SALE
Garda Property Group ( Garda ) today announces that the call option to acquire Garda’s last remaining office building at 7-19 Lake Street, Cairns for $77.5 million has been exercised by Cairns Corporate Tower Pty Ltd ( the Purchaser ).
Settlement will occur by 19 September 2025, with the divestment now concentrating Garda’s property ownership to Brisbane industrial.
Following the Cairns settlement, pro-forma gearing reduces to 34.3%. With the North Lakes divestment expected to occur soon after, pro-forma gearing further reduces to 14.7% and provides $87 million in facility headroom for lending and investing opportunities.
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Authorised for release by: Matthew Madsen (Executive Chairman)
For more information please contact:
Paul Brown Head of Treasury and Investor Relations Garda Property Group Phone: 07 3002 5362 [email protected]
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