Asset Plus property sale delayed, price increased

Asset Plus has announced that the purchaser of the property at 35 Graham Street has extended the settlement date by 12 months.

The new settlement date will be November 29, 2024, with a purchase price increase from $65.0m to $68.0m.

The deposit payable has also increased from 10% to 20%, resulting in a total deposit of $13.6m.

The additional deposit will be used as a debt repayment against the company's facilities.

Asset Plus will continue to seek short-term leasing and income-generating activities to offset holding costs during this period.