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Garda Property Group Reaffirms Income Return, Plans $114M North Lakes Sale to Slash Debt
5:26pm on Sunday 1st of June, 2025 AEST
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Real Estate
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Garda Property Group Reaffirms Income Return, Plans $114M North Lakes Sale to Slash Debt
5:26pm on Sunday 1st of June, 2025 AEST
Key Points
FY25 income return reaffirmed at 7.2 cents per security
North Lakes industrial land sale contracted for $114 million, settlement expected July 2025
Cairns Corporate Tower marketed for sale, valued at $79.4 million
Pro-forma gearing to reduce from 40% to approximately 26% post North Lakes sale
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