The fading appetite for yield stocks and the growing appeal of commodities stocks combined to scuttle Australia's largest ever property sector float, the $1.1 billion Charter Hall long WALE REIT.
On Wednesday, listed fund manager Charter Hall dropped its plan to float the new trust after a bookbuild failed to raise sufficient institutional support.
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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
