This article is from the Australian Property Journal archive
REDCAPE Property Group has sought its interests in ALE Property Group for $7 million.
Redcape, formerly the Hedley Leisure & Gaming Property Fund, previously bought a 22.9% stake in ALE in September 2007.
Yesterday Redcape sold its holding of 3.227 million ordinary/units fully paid stapled securities.
All sale proceeds, after normal transactions costs, will be applied to RPF debt reduction.
Australian Property Journal
