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Desane Group Holdings Limited (ASX:DGH)
ALERT: Price-sensitive ASX Announcement for DGH
Current share price for DGH : $0.780 -0.05 (-6.02%)+
Announcement
Release
27 Jul 2026 11:50AM
Price at Release
$0.830
Full Release
Summary
Desane Group Holdings Limited (ASX: DGH) has provided an update on its development portfolio, highlighting the progress at two key projects. At 91 Thornton Drive, Penrith, the company has obtained a Complying Development Certificate, with construction expected to start in the second half of 2026 for its 44 industrial strata units. At 322 Norton Street, Leichhardt, significant construction milestones have been achieved, including demolition and structural works, with a new retail tenancy for Petbarn underway. The company is focused on executing its property strategy to enhance shareholder value and expects these projects to boost recurring income upon completion.
Key Points
- Desane continues to unlock value through property development.
- Thornton Drive, Penrith project has achieved a Complying Development Certificate.
- Construction at Penrith expected to begin in the second half of 2026.
- Leichhardt project progression includes demolition and structural works.
- Petbarn tenancy at Leichhardt to enhance investment income.
- Company focuses on disciplined execution in property portfolio.
- Projects expected to strengthen recurring income and shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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