Garda Diversified Property Fund raises AUD25 million from placement exercise

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A placement exercise to issue 20 million new units in Garda Diversified Property Fund has been completed.

The placement, which was issued to institutional investors, was conducted to raise AUD25 million (USD17.6 million) for the REIT.

The new units were issued at AUD1.25 each, which represents a discount of about 3.1% to the net tangible asset (NTA) of AUD1.29 per unit.

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