Quattro IPO back on, as it halves NZ property portfolio, cuts capital raise by 28%

Wed, 22 Oct 2014

By Suze Metherell Oct. 22 (BusinessDesk) - Quattro Income REIT, an Australian asset management company, has resumed plans to list a New Zealand property portfolio, albeit a smaller number of properties, and has shaved nearly a third off the capital it wants to raise in a public offer on the ASX. The Sydney-based investor will seek to raise A$220 million in an initial public offer, from a previously planned A$305 million, selling units at A$1 a piece, it said in a statement. Quattro's portfolio has also been reduced to A$320 million from A...

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