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Desane Group Holdings Ltd ( (AU:DGH) ) has shared an announcement.
Desane Properties Pty Ltd, a subsidiary of Desane Group Holdings Limited, has secured a seven-year lease extension with Signature Orthopaedics for its property at 7 Sirius Road, Lane Cove. This extension, which will generate approximately $5 million in rental income, reinforces Desane’s strategy to maintain a stable income stream. The property provides Signature Orthopaedics with strategic access to major roads and modern facilities necessary for their operations, which include manufacturing orthopaedic devices for both local and international markets.
More about Desane Group Holdings Ltd
Desane Group Holdings Limited is a leading property investment and development company based in Sydney, Australia. The company emphasizes integrity, work ethic, and a commitment to excellence to ensure maximum value for its shareholders.
YTD Price Performance: -6.98%
Average Trading Volume: 14,936
Technical Sentiment Signal: Buy
Current Market Cap: A$32.73M
Find detailed analytics on DGH stock on TipRanks’ Stock Analysis page.