APN Industria REIT (ASX:ADI) is set to buy three properties at Adelaide Airport - Sequoia Direct Pty Ltd

10DecDecember 10, 2020

APN Industria REIT (ASX:ADI) is set to buy three properties at Adelaide Airport

APN Industria REIT (ASX:ADI) is set to acquire three properties at Adelaide Airport and a large warehouse in Stapylton in Queensland.

The three warehouses in Adelaide will be bought for $29.6 million and the Queensland property for $62.5 million.

The company will raise $35 million through an institutional placement to help fund the acquisitions.

They will generate a blended initial yield of 7.2 per cent benefit from average annual rent reviews of 2.9 per cent with a 3.1 year weighted average lease expiry providing opportunities over the medium term.

Shares in APN Industria REIT (ASX:ADI) Trading Halt – Last traded at $2.95.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

03FebFebruary 3, 2020

MC Mining (ASX:MCM) CEO resigns

03 Feb 2020 - MC Mining (ASX:MCM) Chief Executive Officer and Executive Director, David Brown will be stepping down after 7 and a half years at the company.

15MayMay 15, 2023

Stocks of the Hour: Vintage Energy, Wia Gold, Westar Resources

15 May 2023 - A snapshot of the stocks on the move featuring Vintage Energy (ASX:VEN), Wia Gold (ASX:WIA) and Westar Resources (ASX:WSR).

07MarMarch 7, 2022

Stocks of the Hour: Appen, AGL Energy & MAAS Group

07 Mar 2022 - A snapshot of the stocks on the move featuring Appen (ASX:APX), AGL Energy (ASX:AGL) & MAAS Group (ASX:MGH).

12AprApril 12, 2024

Stocks of the Hour: NewPeak Metals, HighCom, Estrella Resources

12 Apr 2024 - A snapshot of the stocks on the move, featuring NewPeak Metals (ASX:NPM), HighCom (ASX:HCL) and Estrella Resources (ASX:ESR).

25NovNovember 25, 2019

Sigma Healthcare (ASX:SIG) regains My Chemist/Chemist Warehouse supply deal

25 Nov 2019 - Sigma Healthcare (ASX:SIG) has reached an agreement with the My Chemist/Chemist Warehouse Group (MC/CW Group) for the supply of Fast Moving Consumer Goods.

23MarMarch 23, 2021

Crown Resorts (ASX:CWN) receives $8 billion takeover bid

22 Mar 2021 - Under-pressure Crown Resorts (ASX:CWN) has officially confirmed that American investment business Blackstone has submitted an $8 billion takeover bid to acquire the Australian casino operator.

31MarMarch 31, 2020

G8 Education (ASX:GEM) postpones dividend until October

31 Mar 2020 - G8 Education (ASX:GEM) has postponed the payment of its fully franked final dividend until the end of October.

16JanJanuary 16, 2020

Catapult’s (ASX:CAT) signing momentum continues

16 Jan 2020 - Catapult’s (ASX:CAT) US momentum continues with the company signing Major League Rugby.

10MarMarch 10, 2023

Stocks of the Hour: Magnum Mining & Exploration, APM Human Services, Prodigy Gold

10 Mar 2023 - A snapshot of the stocks on the move featuring Magnum Mining & Exploration (ASX:MGU), APM Human Services International (ASX:APM) and Prodigy Gold (ASX:PRX).

07JanJanuary 7, 2020

Cynata Therapeutics (ASX:CYP) receives R&D tax incentive

07 Jan 2020 - Biotechnology company Cynata Therapeutics (ASX:CYP) has received an almost $2 million R&D Tax Incentive Refund for the 2018/2019 financial year.