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360 Capital Group Limited (ASX:TGP) has established a new unlisted fund which is set to acquire two shopping centres for $68 million.The property investor and fund manager has inked a deal to buy the centres on behalf of the newly created $70.4 million 360 Capital Retail Fund No. 1.The new fund is aiming to offer potential investors an 8 per cent annual distribution yield and will begin a $43 million equity capital raising in February 2015.360 Capital Retail Fund No. 1 will hold a neighbourhood shopping centre called Windsor Marketplace in Sydney and an unnamed sub-regional shopping centre in Queensland.360 Capital Group reported a net profit of $28.1 million in the 2014 financial year.
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Last
65.0¢ |
Change
0.005(0.78%) |
Mkt cap ! $140.3M | |||
| Open | High | Low | Value | Volume |
| 64.5¢ | 65.0¢ | 64.5¢ | $32.29K | 50.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 948 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 5764 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TGP (ASX) Chart |
