Categories
Australian Capital Territory New South Wales Queensland Victoria Tasmania South Australia Western Australia Northern Territory Property News Commercial Retail

Woolworths Limited's property spin-off SCA Property Group lists at a small premium

By Jonathan Chancellor
Monday, 26 November 2012

Woolworths Limited's property spin-off SCA Property Group listed on the ASX today.

Closing the first day's trade at $1.44, it was at a small premium to its placement price.

There was a placement to institutional investors at $1.40 a share last week.

It opened trading at A$1.405. It holds 69 shopping centres in Australia and New Zealand.

Shareholders will receive one stapled unit in the property group for every five shares they hold in Australia’s largest retailer as of November 30.


      Did you like this article? 

      Sign up to the Property Observer Newsletter to receive a daily news wrap-up straight to your inbox AND a free eBook!

      Please enter a valid email address. For example fred@domain.com .

      The Mark at Sydney's Central Park

      Central Park is the $2 billion transformation of a heritage brewery site on Sydney's Broadway into a vibrant mixed-use urban village.

      Designed by architects Johnson Pilton Walker, 'The Mark' is a soaring glass tower of sustainability, advanced building technology and applied imagination - and your opportunity to capitalise on Central Park's success.
      Register your interest now at centralparksydney.com or call 1300 857 057. >>
        Previous
        Next
        Still room for growth in blue chip suburbs so long as you make good decisions: Mark Armstrong Mark Armstrong
        Much has been spoken about the global property market and that our market will ultimately follow a similar fate and I am always at pains to point out not all property is created equal.
        SEARCH SITE
        Calculator sponsor

        Repayments Calculator

        Monthly repayment ($)
        Talk to a home loan expert
        The repayment amounts are indicative only and do not take into account fees and charges

        Suburb Data

        Free suburb snapshots for investors

        Powered by

        Property data for Western Australia Property data for Tasmania Property data for Queensland Property data for Northern Territory Property data for South Australia Property data for Victoria Property data for New South Wales Property data for Canberra

        Click on your state for local insight

        Follow us Property Observer on Twitter Property Observer on Facebook Property Observer on LinkedIn Subscribe to Property Observer RSS feeds

        Developer Spotlight

        Property Observer

        Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.

        Latest News

        RP Data-Rismark June 19 daily index
         

        Private Media Publications

        Crikey

        loading...

        Smart Company

        loading...

        StartupSmart

        loading...

        Leading Company

        loading...

        Womens Agenda

        loading...