FKP TAKES PROPERTY WRITE DOWN
Written on the 9 August 2013
FKP Property Group (ASX:FKP) has taken a $187.9 million impairment on its property assets and will be rebranded to Aveo Group, the company announced today.
The FKP is the major shareholder of Aveo Healthcare (ASX:AEH), which last month changed its name from Forest Place Group.
FKP is trading 4.33 per cent down this afternoon at $1.435 per unit.