This article is from the Australian Property Journal archive
TRINITY Group has completed the sale of 15 million Trinity Property Trust units owned by Trinity Stapled Trust for $12.7 million.
The Trinity Group retains a 3.7% holding in TPT currently valued at $12.7 million.
This transaction as well as other recent transactions, including the sale of a 50% interest in Trinity Funds Management Limited and Trinity Funds Management Services Pty Ltd and 6 million units in TPT to Clarence Property Corporation, has enabled the group to comply its 31 May 2010 loan-to-value ratio covenant.
Australian Property Journal
