This article is from the Australian Property Journal archive
BECTON Property Group has secured an extension from BOS International Australia on the group's working capital facility, from June 30 2014 to June 30 2015.
BOSI has also agreed to suspend the June 30 2013 gearing covenant test, and the next test is now due to take place as at 31 December 2013.
In addition BOSI as the project financier for the Divercity Waterloo project has approved funding for the next four stages, consisting of 357 apartments to be built during FY2013, FY2014 and FY2015.
Property Review