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Aspial Corporation proposes to dispose Brisbane property for A$32 mil

Felicia Tan
Felicia Tan • 2 min read
Aspial Corporation proposes to dispose Brisbane property for A$32 mil
Aspial Corporation reported a loss of $14.7 million for the FY2022, down from the $363,000 loss in the FY2021. Photo: Aspial
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Aspial Corporation (SGX:A30) has proposed to dispose of its property at 240 Margaret Street, Brisbane, Australia for A$32 million ($29.0 million).

On Feb 27, the group announced that its subsidiary, WCL (Qld) Margaret St Pty Ltd, entered into a put and call option agreement with Kyanite 240 Margaret Landowner Pty Ltd in relation to the proposed sale on Feb 21.

Kyanite 240 Margaret Landowner Pty Ltd is the trustee for Kyanite 240 Margaret Landowning Trust.

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