Growthpoint Properties Australia has launched a $150 million capital raising to back its acquisition of a Sydney tower while driving development of office and industrial projects in its pipeline.
The Growthpoint raising came on the same day as the Centuria Industrial REIT launched its own $70 million placement to fund the acquisition of three industrial assets.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
