May 30 (Reuters) - Devine Ltd DVN.AX :
* Has negotiated and completed the sale of the townsville city project in Queensland
* Is in advanced negotiations for other asset sales
* Proceeds from the townsville sale have been used to reduce debt and provide working capital
* Expects impairments on certain assets
* Has implemented a cost reduction plan
* Anticipates that its 2016 full year result will be a loss of approximately $35 million
* Source text for Eikon ID:nASX3nsrcz
*