FKP Property Group is pleased to announce it has become the sole manager of Retirement Villages Group (RVG) by completing the transaction today following the agreement signed with Macquarie Capital Group Limited and announced to the market on 22 December 2011.
FKP CEO Mr Peter Brown said that this is an excellent result for the Group enabling FKP to enhance efficiencies and extract the synergistic benefits by further consolidating the management of FKP's on balance sheet retirement assets, Forest Place Group Limited and RVG.
END For further information contact:Nina Lesnanska
Corporate Communications Manager
P: 02 9270 6168
M: 0404 811 469
E: Nina.Lesnanska@fkp.com.au
About FKP
With more than 30 years experience in the Australian property
industry, FKP Property Group (FKP) is one of Australia's
leading diversified property and investment companies. FKP
successfully operates an integrated business model which
includes retirement, property investment and funds
management, land development, property development
(incorporating residential, retail, industrial and
commercial) and construction across Australia and New
Zealand. FKP is an ASX top 200 company.
Issued by FKP Property Group (ASX: FKP) comprising FKP
Limited ABN 28 010 729 950 and FKP Funds Management Limited
ABN 17
089 800 082, AFSL No. 222273 as Responsible Entity for the
FKP Property Trust ARSN 099 648 754.
www.fkp.com.au
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