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Fletcher Building Flags Ongoing Residential Review, Asset Sales Underway

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-- Fletcher Building (ASX:FBU, NZE:FBU) acknowledged recent media reports about its ongoing strategic review of the residential and development division, including speculation around a potential industrial property sale, but declined to provide further comment, according to a Tuesday filing with the Australian and New Zealand bourses.

The company reiterated that the strategic review remains ongoing and that sales processes for industrial land are already underway alongside the Felix Street property divestment, the filing added.

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