About /
2013 /

Attention: open in a new window. Print

IMB announces that its wholly owned subsidiary IMB Land Pty Ltd and its joint venture partner, One Tree Bay Pty Ltd, have disposed of the landholding referred to as ‘One Tree Bay’, located on the south coast of NSW at Sussex Inlet. The sale was made to an unrelated third party for $2.75m under an unconditional contract for sale which completed today after an extended sale campaign that has been in progress since 2012. The sale price achieved is commensurate with the written down value of the asset of $2.5m.  The net proceeds from this sale will be applied to the loan from IMB Ltd to the joint venture parties.


Date: 2 October 2013

You may also be interested in...

IMB Bank Community Marquees

Find out more

We are proud to support these amazing community projects

Check them out

Bank where and when you like. Explore our Mobile App features.


Why choose us?

Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.

Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

Find out more