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Lifestyle Communities sells first of four lots of land to pay down debt
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Lifestyle Communities sells first of four lots of land to pay down debt
ASX-listed land lease operator Lifestyle Communities has finalised the first of four land sales as part of a $114 million divestment program to cut debt. The Ocean Grove site, on Victoria’s Bellarine Peninsula, was sold for $46.2 million – below its 30 June book value of $54.8 million. Settlement is due next month. Three further parcels are also under contract: Drysdale, a township also in the Bellarine Peninsula, valued at $41.9 million, ac…
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