Hudson Investment Group Limited announces sale of Regent Street Property

Hudson Investment Group Limited (ASX: $HGL) has announced the sale of 43 Regent Street, Wooloongabba QLD 4102, by its wholly owned subsidiary Hudson Regent Development Pty Ltd. The purchase price for the property was $4,000,000, with $1,500,000 received on 31st July 2024 and the remaining $2,500,000 to be received on or before 30th June 2025. The purchaser has also entered into a contract to finance the residual sale proceeds.

Executive Commentary on Property Sale

Hudson remains focused on assessing the highest and best use for its current property portfolio, aiming to optimize cashflow, reduce costs, and take advantage of opportunities to strengthen its strategic positioning for future growth and enhanced returns to shareholders.

Summary of Hudson Investment Group's Property Sale

Hudson Investment Group Limited (ASX: $HGL) has successfully sold the Regent Street Property for $4,000,000. The company's focus on optimizing cashflow, reducing costs, and strengthening its strategic positioning for future growth and enhanced returns to shareholders is evident in this sale. The remaining $2,500,000 to be received on or before 30th June 2025 indicates a positive outlook for the company's financials. Hudson's commitment to assessing the highest and best use for its property portfolio reflects its ambitions for continued growth and value creation for its shareholders.