FilingReader Intelligence
Garda sells Cairns tower for A$77.5m, focuses on Brisbane
August 19, 2025 at 10:08 AM UTC•By FilingReader AI
Garda Property Group has sold its office building at 7-19 Lake Street, Cairns, for A$77.5 million to Cairns Corporate Tower Pty Ltd, with settlement expected by September 19, 2025.
The transaction consolidates Garda's property ownership to Brisbane industrial assets and will reduce pro-forma gearing to 34.3%, providing A$87 million in facility headroom.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
ASX:GDF•Australian Securities Exchange
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