PWG primewest
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Jan 29 (Reuters) - Primewest Group Ltd (PWG) : PREPARING FOR AN...

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    29/01/20
    21:00
    Post #: 42630886

    Jan 29 (Reuters) - Primewest Group Ltd (PWG) :

    • PREPARING FOR AN INITIAL PUBLIC OFFERING AND ASX LISTING OF A NEW REAL ESTATE INVESTMENT TRUST, PRIMEWEST COMMERCIAL REIT
    • INTENDS THE FUND WILL INITIALLY OWN PORTFOLIO OF 4 OFFICE BUILDINGS, INDEPENDENTLY VALUED AT ABOUT $285 MILLION
    • AT IPO FUND WILL HAVE AN INDICATIVE MARKET CAPITALISATION OF ABOUT $288 MILLION
    • PRIMEWEST TO MAKE $43 MILLION CORNERSTONE INVESTMENT IN PRIMEWEST COMMERCIAL REIT & BEAR COSTS OF OFFER
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