Quattro RE puts A$431 million NZ property portfolio float plans on hold

Sun, 19 Oct 2014

By Suze Metherell Oct. 20 (BusinessDesk) - Quattro RE, an Australian asset management company, has paused its plans to list a New Zealand portfolio of six properties valued at A$431 million on the ASX blaming global stock market volatility. The Sydney-based company was looking to raise A$305 million in an initial public offer selling shares of the real estate investment trust, made up of four New Zealand commercial properties and two industrial estates, at A$1 apiece. The company has put the plans on hold, after heightened uncertainty on...

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