Macquarie CountryWide Trust Sells Five Assets For $92.6 Million

Macquarie CountryWide Trust (ASX:MCW) today announced it has entered into unconditional contracts with various parties for the sale of five assets (four in Australia and one in the US) for A$92.6 million [1], reflecting an average initial yield of 7.7%.  The sale proceeds will be used to reduce debt and position the Trust to meet its refinancing obligations in the second half of 2009.

Read more