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Goodman Group's Goodman European Logistics Fund Secures EUR550 Million Of New Equity

Monday, 8 Jul 2013 08:02pm EDT 

Goodman Group announced that Goodman European Logistics Fund (GELF or Fund) has raised EUR550 million (AUD775million) of new equity, completing an equity raising process which received total demand in excess of EUR900 million (AUD1.3 billion). The majority of the equity was raised via a rights issue to existing investors, with additional equity raised in response to the demand from new investors. Separately, to facilitate the excess demand, Goodman Group will sell down part of its holding in GELF, which will result in Goodman Group holding an. The Company intend to use the proceeds to further strengthen its market position and the ongoing diversification of its portfolio, with a focus on prime assets in key European logistics locations 

Company Quote

0.18 +3.16%
19 Dec 2014