News: SCP Shopping Centres Australasia Property To Acquire Ten Shopping Centres For $573 Mln

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    Oct 3 (Reuters) - Shopping Centres Australasia Property Group Re Ltd (SCP) :

    • TO ACQUIRE TEN3 CONVENIENCE- BASED SHOPPING CENTRES FOR A COMBINED PURCHASE PRICE OF $573 MILLION
    • RAISES FORECAST FY19 FFO GUIDANCE FROM 15.6CPU TO 16.2CPU, AND DISTRIBUTION GUIDANCE TO 14.7CPU
    • ACQUISITION FUNDED BY FULLY UNDERWRITTEN $259 MILLION PLACEMENT AT $2.29 PER UNIT AND NEW DEBT FACILITY
 
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