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BWP Group Launches $228 Million Entitlement Offer to Fund Large Format Retail Growth
10:32am on Wednesday 6th of May, 2026 AEST
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Real Estate
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BWP Group Launches $228 Million Entitlement Offer to Fund Large Format Retail Growth
10:32am on Wednesday 6th of May, 2026 AEST
Key Points
Fully underwritten 1 for 12 entitlement offer at $3.77 per security
Capital commitments of $163 million targeting portfolio repurposing and expansions
Wesfarmers commits $53 million, maintaining 23.4% stake
Pro forma gearing expected to reduce to 17%, with room for future growth
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