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BRIEF-The Warehouse Group announces sale of Newmarket Property
April 17, 2017 / 9:22 PM / 7 months ago

BRIEF-The Warehouse Group announces sale of Newmarket Property

April 18 (Reuters) - Warehouse Group Ltd-

* Sale of Newmarket Property

* Entered into an unconditional contract to sell its Newmarket Property in Auckland

* Sale proceeds of $65 million will generate a pre-tax gain of approximately $12 million

* Settlement of property sale is expected to be completed in July 2017

* Proceeds will be used to reduce debt Source text for Eikon: Further company coverage:

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