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Potential for Fletcher deal on land bank, sources say

A possible sell-down of Fletcher Building’s $1b land assets, subject of speculation in Australian media, is seen as a way to boost its balance sheet.

Fletcher has about 3200 sections and two rural properties in the pipeline for its residential construction business.

Tim Hunter Tue, 30 Jul 2024

Analysts say speculation in Australian media about a potential land sale by Fletcher Building could be plausible, as the company seeks to keep its balance sheet clear of debt covenant limits.

Fletcher reported housing land on its balance sheet as of December 31 had a book value of $750 million, but

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Tim Hunter Tue, 30 Jul 2024
Contact the Writer: thunter@nbr.co.nz
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Potential for Fletcher deal on land bank, sources say
Investment,
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