Tishman Speyer 10pc buyback 09:58, Thursday, 12 March 2009
Sydney - Thursday - March 12: (RWE Australian Business News) - Tishman Speyer Australia, as responsible entity for the Tishman Speyer Office Fund (ASX:TSO), will undertake an on-market buyback of up to 10pc of TSO units because the current unit price does not reflect the underlying quality or value of TSO's property portfolio. ENDS
Share price up 33% on the back of the announcement. I would suspect a few more REITs will follow this lead and SDG should also be one of them.
SDG Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held