The bullish Australian property market has provided Origin Energy with a tidy little profit follo...
In conjunction with Brisbane City Council Origin sold the last remaining land at the Newstead Riverpark site to the FKP Group for $42 million, which follows the sale of around 65% of the site to the Mirvac Group in 2001.
Origin is expected to make a profit of between $5 and $10 million on the total Newstead property sale, depending on the final cost of remediation of the site.
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