Report
Tony Sherlock
EUR 100.00 For Business Accounts Only

Corporate Action: Do Not Take Up Growthpoint Entitlements. FVE Unchanged at AUD 3.20

Growthpoint Properties has continued its highly acquisitive strategy, securing the fully let A-grade office tower at 100 Skyring Terrace in the Brisbane CBD fringe location of Newstead for AUD 250 million. The purchase price plus a further AUD 16 million of taxes and costs is planned to be funded by AUD 132 million of existing debt facilities and an equity raising of approximately AUD 135 million via a non-underwritten 1 for 17.65 accelerated non-renounceable rights offer at AUD 3.46 per new Gro...
Underlying
Growthpoint Properties Australia

Growthpoint Properties Australia is engaged in property investments, focusing on Australian property in the industrial, office and retail sectors. As of June 30 2016, Co.'s industrial portfolio had 38 properties with a total lettable area of 874,156 square meters and Co.'s office portfolio had 20 properties with a total lettable area of 235,389 square meters.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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