FOLKESTONE has advised that the sale of its property at 300 Millers Rd in Melbourne's western suburb of Altona, has not gone ahead.
Folkestone said the party conducting due diligence on the acquisition of 300 Millers Road Altona said they will not be proceeding.
Despite this, Folkestone said it will continue to pursue the sale of this asset.
Earlier last week, Folkestone announced an operating loss after tax for the six months ended December 2009 31 of $900,000 compared to a net loss after tax of $181,000 for the corresponding period in 2008.
The Board has resolved not to pay a dividend.
Australian Property Journal
