FKP posts $187.9m impairment charge

Property group takes hit on value of non-retirement property assets.

FKP Property Group will take a $187.9 million impairment charge after a revaluation of the group's property asset values.

In a statement to the Australian Securities Exchange, FKP said the impairment was predominantly attributable to non-retirement property assets and is in the context of the group’s strategy for their rationalisation.

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