Birkenhead Point sale a shot in the arm

Posted on: Mon, 26 Jul 2010 17:09:52 EDT

Symbols: ACPYF

Jul 26, 2010 (The Sydney Morning Herald - ABIX via COMTEX) --

The sale of a shopping centre will lift the Sydney property market. Abacus Property Group and Kirsh Group have paid $A174 million for the Birkenhead waterfront centre and marina at Drummoyne. Abacus will manage the site and plans upgrades and redevelopments.

Publication Date: 27 July 2010

ABACUS PROPERTY GROUP - ASX ABP

KIRSH GROUP OF COMPANIES

JEN RETAIL PROPERTIES LIMITED

AUSTRALIA.  FOREIGN INVESTMENT REVIEW BOARD

WESTFIELD GROUP - ASX WDC

CFS RETAIL PROPERTY TRUST - ASX CFX

DEUTSCHE BANK AG

For full details on (ACPYF) ACPYF. (ACPYF) has Short Term PowerRatings at TradingMarkets. Details on (ACPYF) Short Term PowerRatings is available at This Link.

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