Newmark adds $85m Bunnings to IPO plans
Newmark adds $85m Bunnings to IPO plans Save Share Melbourne fund manager Newmark Capital has bulked up its large-format retail portfolio ahead of an ASX property float later this year, after striking a deal to acquire an $85 million Bunnings warehouse being built in the cityâs north. The Australian Financial Review understands Newmark, led by former Hawthorn AFL star Chris Langford and Simon Morris, will acquire the new 18,626sq m, three-level flagship warehouse on completion in a fund-through style deal. The warehouse, being built on a 2.05 hectare island site on the high profile corne...
Source: afr.com