By a staff reporter
Charter Hall Group has entered a conditional agreement with TA Global Development Pty Ltd to sell its 50 per cent stake in the Little Bay Cove project.
In a statement to the Australian Securities Exchange, Charter Hall said conditions for settlement include Foreign Investment Review Board approval and further extensions of the senior debt facility from the financier.
Charter Hall says the transaction has no material impact for it and is set to be completed in early to mid-2014.
Quick Summary:
Group enters conditional agreement with TA Global Development over 50% stake.
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