InvestSMART

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.

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles