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Desane Group Holdings Ltd ( (AU:DGH) ) has provided an announcement.
Desane Group Holdings Ltd, through its controlled entity Desane Properties Pty Ltd, has secured a lease extension with Brisbane City Council for its facility at Wacol until June 2030, ensuring approximately $4.5 million in rental income. This lease extension not only strengthens Desane’s investment strategy by maintaining a significant income stream but also signifies confidence from Brisbane City Council, Australia’s largest local government tenant. Additionally, Desane plans further development on the site, contingent on favorable construction cost conditions.
More about Desane Group Holdings Ltd
Desane Group Holdings Limited is a leading property investment and development company based in Sydney, Australia. The company prides itself on integrity, work ethic, and a commitment to excellence, aiming to maximize value for its shareholders.
YTD Price Performance: 5.81%
Average Trading Volume: 10,531
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$37.23M
See more insights into DGH stock on TipRanks’ Stock Analysis page.