FKP's retirement focus

FKP Property Group has exchanged an unconditional contract to sell 399 Lonsdale Street in Melbourne for $31.5 million, a 2 per cent premium to book value. Settlement is expected in early October 2013. Chief executive Geoff Grady said the sale was in line with FKP's move to become a pure retirement group.

FKP Property Group has exchanged an unconditional contract to sell 399 Lonsdale Street in Melbourne for $31.5 million, a 2 per cent premium to book value. Settlement is expected in early October 2013. Chief executive Geoff Grady said the sale was in line with FKP's move to become a pure retirement group.

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