HGL.ASX: Quarterly Report and Activity Statement

Quarterly Report and Activity Statement

Stock	Hudson Investment Group Ltd (HGL.ASX)
Release Time	29 Jan 2025, noon
Price Sensitive	Yes

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Hudson Investment Group Quarterly Report and Activity Statement

Key Points

Exploring potential sale or redevelopment options for Bowen Hills QLD properties
Engaged Knight Frank Central Coast to provide expressions of interest for Warnervale West side property
Expects to advise of a corporate restructure in the next quarter

Full Summary

Hudson Investment Group Limited (HGL) has released its Quarterly Report and Activity Statement for the three months to 31 December 2024. The company is continuing to explore potential sale or redevelopment options for the Bowen Hills QLD properties, which may result in a Joint Venture, Sale or continued hold for the properties. HGL has also engaged Knight Frank Central Coast to provide the company with expressions of interest by the end of the first quarter of 2025 for the Warnervale West side property, after being approached by several parties seeking either sale or Joint Venture. As a result, the company expects to advise of a corporate restructure in the next quarter. HGL remains focused on assessing the highest and best use for its current property portfolio, to optimise cashflow, reduce costs, and take advantage of opportunities to strengthen its strategic positioning for future growth and enhanced returns to shareholders.