Growthpoint (ASX:GOZ) to invest over $50mil in APN Industria REIT

Latest Company News - Finance News Network

English - September 28, 2021 04:52 - 1000 KB
Business News News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Domino's (ASX:DMP) shakes up its leadership team

Next Episode: Stocks of the Hour: Origin Energy, nib, Domino's & Growthpoint Properties

28 Sep 2021 - Growthpoint Properties (ASX:GOZ) is set to invest $50.87 million into APN Industria REIT (ASX: ADI) in order to maintain its 14.5 per cent stake in the real estate investment trust. The property investment group plans to acquire 14.74 million shares at $3.45 per share, while using existing debt facilities to fund the acquisition.