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BIDVEST GROUP LIMITED - SALE OF ROZELLE PROPERTY

Release Date: 26/06/1998 10:32
Code(s): BVT
Wrap Text

BIDVEST AUSTRALIA LIMITED - SALE OF ROZELLE PROPERTY
THE COMPANY ANNOUNCES THAT IT HAS ENTERED INTO AN UNCONDITIONAL CONTRACT TO SELL ITS PROPERTY LOCATED AT ROZELLE, SYDNEY.
THE GROSS SELLING PRICE FOR THE 9,174M2 PROPERTY IS $5,1 MILLION, AND
SETTLEMENT FOR THE TRANSACTION WILL TAKE PLACE BY THE END OF AUGUST 1998. THE ROZELLE SITE WAS SURPLUS TO THE COMPANY'S REQUIREMENTS AFTER THE MERGER OF THE R M SMITH AND MANETTAS DISTRIBUTION BUSINESS IN OCTOBER 1997.

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