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Axiom Properties Boosts Cash Reserves Amid Strategic Debt Extensions and ListSure Growth
8:26am on Friday 31st of January, 2025 AEDT
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Property Development
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Axiom Properties Boosts Cash Reserves Amid Strategic Debt Extensions and ListSure Growth
8:26am on Friday 31st of January, 2025 AEDT
Key Points
Cash reserves increased to $1.86 million as of December 2024
Debt facilities extended to May 2025 for Mt Barker project and March 2025 for ListSure operations
ListSure business exceeded budget with record loan originations and strategic partnerships
Property development milestones include $1.3 million net proceeds from Butler pad sites and $7 million expected from land divestment
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