Lakespen drives profit at Sygnus

The real estate development firm Sygnus Real Estate Finance Limited (SRF) has reclassified and revalued assets at its Lakespen Industrial Park during its latest quarter, resulting in a 193 per cent rise in profit to $444.3 million.
“Lakespen development had a favourable gain of $806.9 million recorded during the period,” Chief Investment Officer Jason Morris told shareholders during the company’s earnings briefing.