Shopping Centres Australasia Property Group RE Ltd. (AU:RGN) has released an update.
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Shopping Centres Australasia Property Group RE Ltd. (ASX: RGN) has successfully established Metro Fund 2, boosting its property portfolio with six new centers valued at $385.8 million. The company has also completed its property divestment program, achieving $196.8 million in sales, and reported an increase in its investment property value by $34.1 million. This strategic activity has resulted in a stable gearing ratio of 33% and a rise in net tangible assets, reflecting RGN’s ongoing financial strength and growth potential.
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