Eastern Creek. $22.1 million sale

Brickworks has exchanged contracts for sale of two lots at the M7 Hub industrial estate at Eastern Creek The Brickworks/Goodman JV has secured agreement for the sale of the largest remaining lot in the estate, for $22.1 million. Settlement is expected no later than January 31, 2011, subject to securing subdivision, development and FIRB approva. A further lot owned directly by Brickworks was sold for $2.07 million representing a rate of $360 per square metre. This deal is unconditional and settlement is also scheduled for late January 2011.