Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Irongate Group Announces the Acquisition of Canberra Office Property and Placement

15 Jun 2021  |  09:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition of Canberra Office Property and Placement

Irongate Group announced the acquisition from Blackstone Group of a 100% interest in the property located at 38 Sydney Avenue, Canberra ACT (Property) for a total purchase price of A$73.75m (Acquisition). A fully underwritten institutional placement to raise A$50m (Placement) at an issue price of A$1.47 per stapled security (Issue Price) to partly fund the Acquisition and the associated transaction costs. It launched a fully underwritten Placement of 34.01m new FPO stapled securities (New Securities) to raise A$50m at a fixed Issue Price of A$1.47 per New Security.

Please click here for full details

See more ASX300 News Announcements