Home Consortium (“HomeCo”) is pleased to announce that it has lodged a prospectus with the Australian Securities and Investments Commission.
The prospectus relates to an initial public offering of 97.0 million securities in HomeCo at the offer price of $3.35 per security, raising proceeds of $325 million. An application will soon be made for admission of HomeCo to the official list of the Australian Securities Exchange.
The funds raised from the offer will allow HomeCo to execute its strategy of unlocking value and growth through owning, developing and managing hyper-convenience focussed retail and services assets.
Commenting on the lodgement, Home Consortium Executive Chairman and Chief Executive Officer David Di Pilla said, “When we began this journey more than 3 years ago HomeCo was comprised of a small group of investors who aimed to create an innovative retail property offering that resonated with tenants and customers. As we now lodge this prospectus we are inviting other investors to join us on this next exciting phase as we grow and realise the full potential of our unique portfolio of hyper-convenience based centres across Australia”.