CEDAR Woods Properties has negotiated an extension of its three-year $110 million corporate finance facility with ANZ Bank and Bankwest, by an additional year to 30 November 2016.
The facility is a club facility which allows for additional banks to be introduced over time. ANZ was the original financier under the facility when it was established in 2010. In 2012 Bankwest was introduced to the club facility.
The club facility will continue to provide funding for Cedar Woods’ existing operations, ongoing development of its projects and future acquisitions.
Property Review
