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An artist’s impression of the Horizon project on West Coast Highway, which will be revived by a new developer. Image: Crème Real Estate

More hurdles on horizon for Diploma

An embattled Perth-based developer has capped off a turbulent 2016 by selling one of its most prominent projects.

Diploma Group has offloaded another of its assets, selling a stalled apartments development site in Scarborough.

The nine-level, $35 million project known as Horizon on West Coast Highway, was originally scheduled for a construction start in the second quarter of this year, but will now be relaunched by the buyer, GM Property Group.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

20/12/13
$440k Bought
03/10/13
$6k Bought
03/10/13
$2k Bought
Total value as at the date of the transaction
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Revenue

45th↓Diploma Group$90.5m
230 listed industrial companies ranked by revenue.
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