Broad Street lands $96M loan for Nolita development

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In addition to free cash flow of US$489M, distributions totalling US$ 137 M were received from equity accounted investments during H1 FY17, comprising US$41M in dividends and US$96M from the repayment of a shareholder loan. balance sheet. As at 31 December 2016, the Group’s net cash position was US$859M, an increase of US$547M from 30 june 2016.

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 · Broad Street Development has landed $96 million in financing from Bank of the Ozarks for a planned 61-unit apartment building in Nolita.. Broad Street lands $96M loan for Nolita development.

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