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CWP - Cedar Woods Properties News Story

A$7.41 0.1  1.9%

Last Trade - 05/03/21

Sector
Financials
Size
Small Cap
Market Cap £332.7m
Enterprise Value £413.0m
Revenue £167.4m
Position in Universe 369th / 1857

BUZZ-Australia's Cedar Woods Properties nears 1-mth high on Melbourne site buy

Wed 13th January, 2021 2:39am
** Shares of Cedar Woods Properties  CWP.AX  rise as much as
1.7% to A$6.48, their highest since Dec. 17
    ** The real estate development co says it has acquired a 21
ha site in Melbourne's north for A$30 mln ($23.31 mln)
 urn:newsml:reuters.com:*:nASN000PMJ
    ** Says additional land is adjacent to co's existing Mason
Quarter project in Wollert, where combined project will
accommodate a community of around 800 lots plus two school sites
    ** Expects this additional Wollert landholding to contribute
to earnings by FY23
    ** Stock set for third straight day of gains 
    ** Stock fell 20.4% in 2020  


($1 = 1.2870 Australian dollars)

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))
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