Dona Ferentes
Beware of geeks bearing grifts
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Newmark Property REIT (NPR) listed on the ASX today. It opened just above the subscription price and trading has been in a narrow band between $1.92 and $1.95.
Aiming to deliver consistent and growing income distributions, Newmark Property REIT offers investors access to well located, high quality Australian hardware and large format retail properties leased mainly to Wesfarmers subsidiary, Bunnings.
The portfolio comprises 8 assets, with some 99% occupancy and a 7.6 year WALE, held in two established unlisted property trusts:
Aiming to deliver consistent and growing income distributions, Newmark Property REIT offers investors access to well located, high quality Australian hardware and large format retail properties leased mainly to Wesfarmers subsidiary, Bunnings.
The portfolio comprises 8 assets, with some 99% occupancy and a 7.6 year WALE, held in two established unlisted property trusts:
- Newmark Hardware Trust
- Newmark Capital (Chadstone) Property Trust
| Listing date | 6 December 2021 ; 12:00 PM AEDT ## |
| Company contact details | https://www.newmarkcapital.com.au/funds/newmark-property-reit Ph: +61 3 9820 3344 |
| Principal Activities | Investment in Australian real estate assets |
| GICS industry group | TBA |
| Issue Price | AUD 1.90 |
| Issue Type | Fully Paid Units Stapled Securities |
| Security code | NPR |
| Capital to be Raised | $128,300,000 |
| Expected offer close date | 1 December 2021 |
| Underwriter | Credit Suisse (Australia) Limited, E&P Corporate Advisory Pty Limited, MA Moelis Australia Advisory Pty Ltd and Morgan Stanley Australia Securities Limited (Joint Underwriters/Joint Lead Managers). |
