Gunns confirms sale of sawmill site

Timber company Gunns has announced that it has sold its Launceston offices and its Lindsay Street sawmill site for AU$14 million. In an announcement to the stock exchange this week, Gunns said the contract which was signed in July last year was now unconditional and that the sale is scheduled to be completed by the end of the month. It is understood that hardware chain Bunnings has purchased the site. Gunns said that it will continue to rent the offices until the end of the year. Source: The Examiner

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