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Settlement of sale of Heinz Wattie’s Distribution Centre

Settlement of sale of Heinz Wattie’s Distribution Centre

Asset Plus is pleased to confirm that the sale of the Heinz Wattie’s Distribution Centre in Hastings has successfully settled on 17 December 2019. Asset Plus had agreed to underwrite the purchaser’s capital raising. No call was made on the underwrite and a fee of $487,500 has been received.

Following settlement, $27.5 million of the net sale proceeds has been applied towards debt repayment.

-ENDS-

For further information, contact:

Bruce Cotterill
Chairman, Asset Plus Limited

Mark Francis
Managing Director, Augusta
Funds Management Limited,
Manager of Asset Plus Limited