05 • Aug • 16

Propertylink commences trading on the ASX

Media release

5 August 2016

Propertylink, an internally managed real estate group that owns a diversified portfolio of industrial and logistics properties and a leading investment and asset management business, today commenced trading of its stapled securities on the Australian Securities Exchange (ASX) under the ticker code ‘PLG’.

Propertylink securities will trade on a conditional and deferred settlement basis today and commence trading on a normal settlement basis on Wednesday, 17 August 2016.

The listing follows the successful initial public offering (IPO) of Propertylink securities to institutional and retail investors, raising $503.5 million at a price of $0.89 per stapled security.

Stuart Dawes, CEO of Propertylink said: “We are proud to have created a real estate group with an attractive growth profile and a clear point of difference in the Australian listed property sector. We are excited to welcome new shareholders and look forward to realising the opportunities an ASX listing presents to Propertylink.”

Propertylink has over A$1.55 billion of Australian assets under management and a track record of performance. Propertylink’s strong historical performance and reputation continues to attract leading global investors and new mandates, to drive growth in assets under management.

Propertylink Enhanced Partnership (PEP), a new fund established by Propertylink, recently entered into an option agreement with Denison Funds Management Limited to acquire a portfolio of industrial, logistics and warehouse assets for $142 million. The acquisition reflects Propertylink’s ability to implement its strategy of growing its investment and asset management business.

Peter Lancken, Independent Chairman of Propertylink said: “The Board is pleased with the enthusiastic participation of and interest from a range of high quality investors in the Propertylink IPO. Propertylink’s security holders are now part of the only Australia-focused, internally managed industrial and logistics group with an integrated investment and asset management platform.”

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