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GDI PROPERTY GROUP — Capital/Financing Update 2015
Sep 29, 2015
64974_rns_2015-09-29_396cb122-5ecd-4aa1-80b9-8ee18142c96e.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
30 September 2015
Extension of settlement of 233 Castlereagh Street, Sydney
GDI Property Group announces that the settlement of 233 Castlereagh Street, Sydney has been extended until 30 October 2015. As part of the agreement to extend the settlement date until 30 October 2015, the purchaser has agreed to release to GDI Property Group a further 10% of the purchase price ($15.6 million), taking the amount paid and released to GDI Property Group to $31.2 million, and pay interest at a rate of 10% p.a. on the balance of the purchase price from 1 October 2015 until settlement.
Media Enquiries:
Steve Gillard Managing Director +61 2 9223 4222
David Williams Chief Financial Officer +61 2 9223 4222
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