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BRIEF-GDI Property exchanged contracts to sell 25 Grenfell Street, Adelaide

Published 10/11/2016, 11:47 am
Updated 10/11/2016, 11:50 am
© Reuters.  BRIEF-GDI Property exchanged contracts to sell 25 Grenfell Street, Adelaide
GDI
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Nov 10 (Reuters) - Gdi Property Group Ltd GDI.AX

* Has exchanged contracts to sell 25 Grenfell Street, Adelaide, for $125.1 million

* After selling and other costs, gdi property group expects to net approximately $124.0 million from sale

* Contract is subject to firb approval, with settlement expected on or around 5 january 2017

* Intends to repay debt with proceeds from settlement of 25 grenfell street, adelaide

* Gdi property group ltd - sale of 25 grenfell st, adelaide-gdi.ax Source text for Eikon: ID:nASX17V6BM Further company coverage: GDI.AX

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