Australia's Quattro looks to raise A$305 million listing NZ property portfolio on ASX

Thu, 02 Oct 2014

By Suze Metherell Oct. 2 (BusinessDesk) - Quattro RE, an Australian asset management company, is looking to raise A$305 million by listing a New Zealand-centric property portfolio valued at A$431 million on the ASX, and signals further acquisitions may be on the cards. The Quattro Income Real Estate Investment Trust is offering investors shares at A$1 apiece in an offer managed by Deutsche Bank and Commonwealth Bank Australia. The portfolio will initially be made up of four commercial office properties and two industrial estates, but the...

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