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Investment
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Listed real estate hits the wall after $2.1b equity offers

A ‘generic sell off’ of listed property vehicles has ensued post the Auckland Airport and Fletcher Building capital raises.

PFI, a ‘growth exposure’ low risk bet.

The listed property sector has received a smack in the wake of Auckland Airport’s $1.4 billion equity raise announced on September 16 and Fletcher Building’s $700 million effort a week later, as fund managers rebalance their positions.

That has seen a “generic sell off” of listed property

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Brent Melville Thu, 03 Oct 2024
Contact the Writer: bmelville@nbr.co.nz
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Listed real estate hits the wall after $2.1b equity offers
Investment,
106118
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