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BRIEF-Folkestone enters deal to acquire land from BWP Trust

Published 02/06/2017, 10:06 am
Updated 02/06/2017, 10:10 am
© Reuters.  BRIEF-Folkestone enters deal to acquire land from BWP Trust
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June 2 (Reuters) - Folkestone Ltd FLK.AX :

* Folkestone enters agreement to acquire land from bwp trust,BWP

* Entered into agreements with BWP Trust to acquire 1.0 hectare of land

* Deal for circa $70 million

* Also entered into its fourth joint venture with Wwilmac properties to expand its exposure to enterprise park developments

* Cco and Wilmac to develop a further 2.2 hectares of folkestone's land at Altona North into 76 office/warehouse mews with end value of circa $28 million Source text for Eikon: ID:nASX58v3YT Further company coverage: BWP.AX

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