Folkestone Limited (ASX:FLK) acquired the remaining 35% stake in Folkestone Real Estate Management Limited from Austock Group Limited (ASX:ACK) for AUD 5.5 million in cash on December 31, 2012. The transaction consideration was paid from the cash reserves of Folkestone Limited.

Folkestone Limited (ASX:FLK) completed the acquisition of the remaining 35% stake in Folkestone Real Estate Management Limited from Austock Group Limited (ASX:ACK) on December 31, 2012.