Garda Capital Group has been allocated an additional 3.2 million new units Garda Diversified Property Fund as part of a placement exercise.

The units have been allocated for a consideration of AUD1.25 (USD0.9) each.

Garda Capital Group subscribed for the additional units of the REIT as part of an AUD25 million placement exercise announced by Garda Diversified Property Fund in October 2018.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.