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BRIEF-Ariadne Australia in JV acquires freehold interest in 40 Tank Street

Published 07/04/2017, 04:59 pm
Updated 07/04/2017, 05:00 pm
© Reuters.  BRIEF-Ariadne Australia in JV acquires freehold interest in 40 Tank Street
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April 7 (Reuters) - Ariadne Australia Ltd ARA.AX :

* Acquisition of freehold interest in 40 Tank Street

* Agreement for net adjusted price of $56.1 million

* In JV with entity associated with Co's deputy chairman, Kevin Seymour, entered into agreement to acquire freehold interest in 40 Tank Street, Brisbane, Queensland

* Joint Venture, in which Ariadne will hold a 50% interest, is anticipated to be funded via about 40% equity and about 60% bank debt Source text for Eikon: Further company coverage: ARA.AX

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