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BRIEF-Growthpoint Properties Australia announces acquisition of industrial property in South Australia

Published 13/07/2015, 03:06 pm
© Reuters.  BRIEF-Growthpoint Properties Australia announces acquisition of industrial property in South Australia
GOZ
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July 13 (Reuters) - Growthpoint Properties Australia Ltd GOZ.AX :

* Acquisition of multi-tenanted industrial property in sa

* Deal for $20.8 million

* Acquisition will be fully funded from debt available from existing undrawn facilities taking growthpoint's gearing to 40.9%

* Says purchase price is supported by an independent valuation from m3property

* Settlement of the acquisition is expected to occur in seven business days

* After this acquisition, Growthpoint will have $206.2 million available in undrawn debt for future acquisitions

* Source text for Eikon ID:nASX9rjwS0

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