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GARDA PROPERTY GROUP — Capital/Financing Update 2025
Jul 28, 2025
64972_rns_2025-07-28_cf4164a9-7610-457a-a91b-2c956642d1fb.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
29 July 2025
CAIRNS CORPORATE TOWER SALE
In January 2025, Garda Property Group ( Garda ) commenced an on-market sales campaign for its last remaining commercial office building, Cairns Corporate Tower.
Garda today announces that Halpin Property Group ( the Purchaser ) has entered a call option to acquire the building from Garda for $77.5 million, a small premium to independent valuation of $77.4 million.
The Purchaser has until 19 August 2025 to exercise the call option, triggering settlement by 19 September 2025.
Garda will use the net sale proceeds to reduce its drawn debt. In combination with the net sale proceeds from North Lakes, also expected in September 2025, Garda’s drawn debt reduces by approximately $191.0 million to $79.0 million, representing gearing of 14.7%.
The exercise of the call option and successful divestment will concentrate Garda’s property ownership to Brisbane industrial.
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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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