February 27, 2023
Pulse Investments Limited (PULS) has advised that it is now selling a recently completed 16-unit development at Villa Ronai know as PULSE LOFTS which consists of mostly studios and one-bedroom apartments with lofts. Sale is expected to net approximately $500m. Funds will be used to increase liquidity and reduce the company’s current $750m bond liability. The company will retain 54 of its recently completed 70-unit Villa Ronai Lifestyle Village as well as 15 of the 30 two- and three-bedroom homes now being constructed in the Villa Ronai valley.
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