http://www.businessspectator.com.au/...eit-raise-179mIndustrial REIT to raise $179m
Brett Cole24 Sep, 12:44 AM
The underwriting of Allan Fife’s $179 million initial public offering of the Australian Industrial REIT has been brought forward after robust demand by a number of domestic institutional investors made pricing on Wednesday all but certain.
The IPO of eight warehouses, seven in Sydney and one in Melbourne, is priced at a 3.5 per cent premium to net asset value. It is scheduled to yield 8.25 per cent.