BWP Trust to raise AUD228 million to fund development pipeline

Australian REIT BWP Trust has launched a fully underwritten entitlement offer to raise approximately AUD228 million, its first equity raising in 13 years, as the Australian REIT looks to fund a committed pipeline of developments and asset upgrades worth AUD163 million.

The offer, announced on 6 May, allows eligible securityholders to subscribe for one new security for every 12 held at a fixed issue price of AUD3.77 per security — a 4.3% discount to BWP's closing price of AUD3.94 on 5 May 2026.

The offer is underwritten by Morgan Stanley Australia Securities Limited.