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Garda Property Group Secures $77.5M Call Option for Cairns Tower Sale
11:41am on Tuesday 29th of July, 2025 AEST
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Real Estate
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Garda Property Group Secures $77.5M Call Option for Cairns Tower Sale
11:41am on Tuesday 29th of July, 2025 AEST
Key Points
Call option agreement signed for Cairns Corporate Tower at $77.5 million
Sale price marginally exceeds independent valuation of $77.4 million
Purchaser has until 19 August 2025 to exercise option, settlement by 19 September
Proceeds will reduce Garda’s drawn debt by approximately $191 million
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