Hall & Wilcox advises Arena REIT on $55 million equity raising

 

News | 22 May 2019

Leading Australian law firm Hall & Wilcox is pleased to have advised Arena REIT on its recently announced capital raising to assist it in funding a number of acquisitions and maintain balance sheet capacity for future growth opportunities. Arena is an ASX300 listed property group that owns, manages and develops social infrastructure properties across Australia.

The Hall & Wilcox team was led by corporate partner John Hutchinson with support from senior associate Josh Fast and lawyer James Fisher. The equity raising involves a $50 million Institutional Placement (fully underwritten by Morgan Stanley) and a $5 million Securities Purchase Plan.

‘We are delighted to assist Arena REIT on another successful equity raising,’ John said.

‘Arena REIT has been a longstanding client of Hall & Wilcox since its IPO and ASX debut in 2013 and it is fantastic to be able to assist in its continued growth.’

Hall & Wilcox has a strong ECM practice, with extensive experience in high-profile capital raising and capital management transactions. We have acted on a number of IPOs and ASX listings, secondary retail and institutional offerings, capital raising transactions by managed investment schemes, stapled security structures, on-market buy-backs and capital reductions. We also assist ASX-listed clients with ongoing compliance and corporate governance-related obligations.

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Melinda Woledge

Melinda Woledge

Marketing & Communications Manager

Melinda is the national marketing and communications manager at Hall & Wilcox. She has more than 20 years’ experience...

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