Downer EDI Reaps $16.4 Million From Sale of Australian Portfolio

ENGINEERING firm Downer EDI has sold seven industrial sites across Australia, reaping a total of about $16.4 million.

In the biggest sale, a Somerton laboratory with a 15-year leaseback to Downer, sold for $7.6 million to a private investor. The sale price equates to a 9.3 per cent yield.

In Geelong an engineering plant sold for $2.23 million on a 7.4 per cent yield.

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