Precinct Properties has successfully completed the bookbuild for its $285 million placement of new stapled shares.
The placement, which was fully underwritten, is part of the company's $310m equity raise.
The fixed price of $1.23 per new stapled share represents a 7.5% discount to the last close price of $1.33 on Oct 10, 2025.
The company said the funds raised will be used to progress $3.7b of opportunities alongside capital partners and provide greater flexibility around funding timing and structure.
Settlement, allotment, and the commencement of trading of the new stapled shares are expected to occur on Oct 17, 2025.
Precinct is also undertaking a non-underwritten share purchase plan targeting $25m as part of the equity raise.
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