News 2010
08.09.2010
Oceanique Luxury Apartment Update - PBL successfully settles A$33.4 million
Western Australian based property development company, Port Bouvard Limited ("Company") (ASX: PBD), provides the following update on its Oceanique Luxury Apartment development:
- Since the commencement of settlements, the Company has settled apartments equalling $33.4 million in gross sales which were all at full contract value. All net proceeds have been applied to reduce debt;
- Settlements of pre-sold apartments are continuing;
- There remains a risk that some purchasers may not complete; and
- A marketing campaign for the sale of unsold apartments will commence in the near future.
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Mr Stephen Court
Executive Director
Port Bouvard Limited
T: +61 8 6436 2200
Mr John Wroth
Chief Executive Officer
Port Bouvard Limited
T: + 61 8 6436 2200
David Tasker
Professional Public Relations
T: +61 8 9388 0944/ +61 8 433 112 936
E: david.tasker@ppr.com.au
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