LOS ANGELES--()--Reading International, Inc. (NASDAQ: RDI) announced today that it has retained Macquarie Capital Advisors Limited as a financial advisor with respect to the sale of its Burwood Square property in Melbourne, Australia. That property will now be carried as an asset held for sale. The 50.6-acre Burwood property was acquired by Reading in 1996, has never been encumbered, and is currently carried on its books at $46,707,000.
About Reading International, Inc.
Reading International (http://www.readingrdi.com) is in the business of owning and operating cinemas and developing, owning and operating real estate assets. Our business consists primarily of:
Reading manages its worldwide cinema business under various different brands: