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SkyCity Entertainment Group Limited (ASX:SKC)
ALERT: Price-sensitive ASX Announcement for SKC
Current share price for SKC : $0.560 0.105 (23.08%)+
Announcement
Release
17 Jul 2026 7:30AM
Price at Release
$0.455
Full Release
Summary
SkyCity Entertainment Group Limited has announced that the sale of its 99 Albert Street office building and investment properties on Victoria Street to Mainland Capital and Russell Property Group is now unconditional. The sale, part of SkyCity's Asset Monetisation Programme, is valued at $74.5 million with an expected settlement date of 1 September 2026. The proceeds from this transaction will be utilized to repay debt and improve financial flexibility amid current market conditions.
Key Points
- Sale of 99 Albert Street and Victoria Street properties is unconditional.
- Mainland Capital and Russell Property Group acquire properties for $74.5 million.
- Settlement expected on 1 September 2026.
- Proceeds to repay debt and enhance financial flexibility.
- Part of SkyCity’s Asset Monetisation Programme.
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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