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GOODMAN GROUP Capital/Financing Update 2005
64998_rns_2005-06-02_4853c3d3-14d8-404b-b2d1-f0b6d7be4d8c.pdf
Capital/Financing Update
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ASX Release - Macquarie Goodman Group ("Macquarie Goodman")
Macquarie Goodman sells Sydney Business Park
3 June 2005 Date: Immediate Release:
Macquarie Goodman has exchanged contracts for the sale of Peninsula Business Park, 134-140 Old Pittwater Road, Brookvale, NSW for \$21.0 million achieving a sale price exceeding the current book value of \$17.7 million.
The disposal of this asset reflects a yield on passing income of 7.05% and settlement is anticipated in September 2005.
In the short-term, the proceeds will be used to retire debt.
Macquarie Goodman will continue to review the portfolio for non core assets and will actively reinvest the proceeds to fund the future development pipeline and other growth opportunities.
For further information, please contact Macquarie Goodman:
| Gregory Goodman Chief Executive Officer |
Damien Smith Group Analyst |
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|---|---|---|---|---|
| +61 2 9230 7400 | +61 2 9230 7400 | |||
Macquarie Goodman Group Macquarie Goodman Management Limited ABN 69 000 123 071 Macquarie Goodman Funds Management Limited ABN 48 067 796 641; AFSL Number 223621
Level 10, 60 Castlereagh Street Sydney NSW 2000 GPO Box 4703 Sydney NSW 2001
+61 2 9230 7400 Telephone Facsimile +61 2 9230 7444 [email protected] www.macquariegoodman.com