AAP General News (Australia)

SA: David Jones sells new Adelaide building

AAP General News (Australia) | February 21, 2000 | Copyright

AAP General News (Australia)
02-21-2000
SA: David Jones sells new Adelaide building

ADELAIDE, Feb 21 AAP - Retailer David Jones Ltd said today it had entered into a formal
contract for the $85 million sale of its Adelaide Central Plaza building, under construction
in Rundle Mall.

The building, which would include 40 specialty stores as well as a David Jones department
store, has been sold to the Precision Group of Companies.

David Jones chief executive Peter Wilkinson said the sale price covered both the book
value of the property and the…












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