Australia: Clayton Utz acts for joint lead managers on A$225million Industria REIT IPO
Last Updated: 12 December 2013

Melbourne, 4 December 2013: Clayton Utz has advised Macquarie Capital (Australia) Limited, UBS AG, Australia Branch, ANZ Securities Limited and Morgans Financial Limited, as joint lead managers on the A$225 million Initial Public Offering (IPO) of listed Australian real estate investment trust, Industria REIT. The new REIT debuted on the Australian Securities Exchange yesterday.

Clayton Utz Corporate partner Brendan Groves and senior associate Elissa Tobin led the Firm's transaction team. Brendan and Elissa also advised Macquarie Capital (Australia) Limited on the A$16.1 million equity raising by Asia-Pacific real estate fund manager, APN Property Group Limited, to part fund its investment in Industria REIT. The raising comprised an A$8 million Placement to institutional investors, which completed on 28 October, and an $8.1 million unconditional 1 for 5 pro-rata non-renounceable Entitlement Offer, which completed on 29 November.

As a listed A-REIT, Industria REIT will own interests in a $370 million plus portfolio of industry, technology park and business park assets across four Australian capital cities: Sydney, Melbourne, Brisbane and Adelaide.

The successful completion of the IPO marks a recent resurgence for IPOs in Australia, with a strong pipeline of companies seeking to list in Q4 2013 and Q1 2014.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Dean Gerakiteys
By Frank Bannon
By Tosin Aro, Mark Geritz
By Meg McKechnie
By Sergio Capelli
By David Foong, Ken Ooi, Samy Mansour, Brad Vann
By Chris Boge, Daniel Maroske
By Luke Buchanan, Hayden Fielder
By Claire Smith, Lauren Smith
By Michael Richardson, Tim Jones, Anna Trevor
Font Size: