TRAFALGAR Corporate Group is expecting to make a further distribution of 20 cents per security at the end of July and is considering additional distributions following the sale of the Fujitsu Building.
Trafalgar’s CEO Braith Williams said a further update will be provided on the distribution.
Meanwhile the group’s Rhodes joint venture has completed the sale of Stages 3 and 5, with proceeds ($33.9 million) utilised to meet the final remediation payment ($31.8 million) to Thiess Services.
The final stage of the infrastructure works required to be undertaken will now commence following handover and are scheduled to be completed by May 2012.
The Rhodes joint venture is continuing its negotiations with potential purchasers for the two remaining waterfront development sites.
Australian Property Journal
