This article is from the Australian Property Journal archive
The Qualitas Real Estate Income Fund has closed its shortfall offer bookbuild early following strong participation from existing and new wholesale investors.
The new units subscribed for under the shortfall offer bookbuild exceeded the entitlement offer with a total value of $151 million at an issue price of A$1.60 per new unit.
As a result, Qualitas has brought forward the opening of the entitlement offer.
Head of income credit Mark Power said the shortfall offer bookbuild will provide greater scale for the Qualitas Real Estate Income Fund to deploy into attractive commercial real estate investment opportunities.
“Increased funds under management provides investors with greater portfolio diversification, cost efficiencies and increased trading liquidity, along with continued access to regular monthly distributions,” said Power.
