Stride pays $228m for prime Wellington property

Wed, 25 Nov 2020

In its third acquisition in as many months, Stride Property says it has entered into a conditional agreement to purchase 20 Customhouse Quay in Wellington for $228 million.In tandem, the stapled group, managed by Stride Investment Management, has announced the terms of a $220 million capital raising combining an underwritten $180 million placement and $40 million share purchase plan.Funds from the capital raising will help pay for the purchase and contribute to an $84.5 million unconditional agreement to buy 215 Lambton Quay, part of an expandi...

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