FKP Property Group
(ASX:FKP) says its upmarket residential apartment development in Camberwell Junction in Melbourne has reached practical completion.
The settlements of 122 apartments are expected to deliver proceeds of $105 million and scheduled to commence later this month.
22 apartments remain to be sold. The total end value of the project is $150 million that combines 144 apartments, a 120-seat restaurant and retail space that has been 60 per cent pre-committed.
FKP Property Group booked a full year net loss $359.9 million.
