Nov 20th 2008, 04:00 ACE Ancapistan Capital Exchange
by IntLibber Brautigan

Caldbeck Property For Sale - BY LINDEN VILLAGE

As stated in our ACE financial report, we are selling off some of our mainland in Caldbeck adjacent to the mainland branch. We have already sold about 2700 sqm, receiving 37k for the land, a rate of about 16.67 L$ per square meter, a good rate in todays market. The average we paid at the time we built it was about 13 L$ per sqm, so we have in fact turned a profit on the land we've sold so far.

We have thus already wiped out last quarters 22k loss by 70%.

There are still five 512 lots, a 1024 lot, and a 32 sqm lot in the sim available and on the market.

UPDATE: There is a 740 sqm lot, the 1024 sqm lot, and a 32 sqm lot available in Caldbeck. We have sold the other parcels. Current revenues so far are 59k L$. By afternoon we will be able to reduce our mainland tier on ACE BnT from 75 US per month to 40 US per month. This will save us 27k L$ over this quarter in tier expenses. Land revenues are going back into the ACE capital fund.