GDI Property float gets strong demand

$576m property group float raises $310m from investors.

The $567.6 million float of GDI Property Group closed on strong demand last night after sole lead manager Credit Suisse achieved its target $310 million in equity and existing investors piled into the float.

It forms part of a rush into property REITs this week, with investors pouring more than $1.3 billion into the sector.

Existing investors were allocated about $256.7 million of the float’s total equity, along with management.  

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