FKP Property Group has completed the institutional component of its entitlement offer.
The offer raised gross proceeds of approximately $163 million for FKP, with approximately 97% of FKP’s eligible institutional stapled securityholders subscribing to take up their entitlements.
The net proceeds of the offer will be used to reduce debt and to provide liquidity and headroom under the covenants in FKP’s debt facilities.
Property Review
