Property For Industry in trading halt ahead of bookbuild announcement

Wed, 09 Sep 2015

By Suze Metherell Sept. 10 (BusinessDesk) - Property For Industry, the listed industrial landlord, has gone into a trading halt ahead of announcing the details of its bookbuild following its $49.5 million rights offer. The Auckland-based property investor announced in August it would tap shareholders via a one-for-12 rights offer, at $1.44 per share and fully underwritten by Forsyth Barr. The company has secured $86 million in acquisitions and development activity, and will use the cash to fund that. Property For Industry merged with...

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