Trinity Offloads $51m In Offices

QUEENSLAND-based property group Trinity has offloaded three commercial office buildings for more than $51 million.

The sales include Brisbane's 410 Queen Street which sold to a private investor for $23.8 million, and a small wharf building which sold for $5.26 million. Trinity also offloaded an office building in King William Street Adelaide for $21.75 million.

Trinity announced to the ASX earlier this week it recorded a $225 million loss with $46 million attributed to devaluations.



Posted originally: 2009-09-02 17:56:55

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