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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Mirvac Group | ASX:MGR | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.025 | 1.29% | 1.9575 | 1.95 | 1.97 | 1.99 | 1.95 | 1.97 | 72,142,304 | 09:50:00 |
From Jun 2019 to Jun 2024
By Rhiannon Hoyle
SYDNEY--Mirvac Group (MGR.AU) Friday launched a 400 million Australian dollar (US$403 million) share issue to help fund the acquisition of seven office properties from GE Real Estate Investments Australia.
Mirvac will acquire the assets from GE for A$584 million, underscoring a strategic shift for the Sydney-based property group as it seeks to grow its commercial portfolio through the acquisition and redevelopment of high-grade city real estate.
The equity raising was announced at a price of A$1.69 per security, a 3.2% discount to Mirvac's last closing price of A$1.745 per security, it said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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