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AP Eagers sells $61 million Brisbane property in leaseback deal

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ASX-listed car dealer AP Eagers has sold its auto dealership property in north Brisbane for $61 million to Financial Review Rich Lister Kevin Seymour's Seymour Group.

The property at 99 Breakfast Creek Road in Newstead will continue to operate its car business under a seven-year lease-back agreement.

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Natasha Gillezeau is a journalist for The Australian Financial Review based in the Sydney office. Connect with Natasha on Twitter. Email Natasha at natasha.gillezeau@afr.com.au

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    Original URL: https://www.afr.com/property/commercial/ap-eagers-sells-61-million-brisbane-property-in-leaseback-deal-20190627-p521v9