Arena Sensibly Raises Capital to Expand its Portfolio
Arena REIT’s decision to raise AUD 50 million via an institutional placement at AUD 2.67 per security is a sensible move, exploiting the recent improvement in investor sentiment towards the childcare sector. A security purchase plan, or SPP, will raise up to AUD 5 million, enabling securityholders to invest up to AUD 15,000, also at AUD 2.67 per security.Arena will use the new funds and existing debt facilities to acquire three childcare centres, three disability accommodation centres, and five...
Arena REIT No. 1 (ARF1) is a Trust. The objective of the Trust is to generate and predictable income distributors to investors with earnings growth prospects over the medium to long term. The Company is a part of the Arena REIT Stapled Group.
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