Irongate Group announces acquisition of two properties and institutional placement; guidance upgraded
SYDNEY, Dec. 9, 2021 /PRNewswire/ -- Irongate Group (ASX: IAP; JSE: IAP) has today announced the acquisition of an industrial business park inPerth, the acquisition of an A-grade office building inMelbourne and a fully underwritten institutional placement. IAP has agreed to acquire the property ...
Irongate Group (ASX: IAP): Sale of 24 Wormald Street, Symonston ACT for 18% above book value
SYDNEY, Nov. 5, 2021 /PRNewswire/ -- Irongate Group (IAP or the Fund)[1] is pleased to announce that a contract for sale has been entered into on5 November 2021 with Charter Hall Direct Fund 4[2] to sell the property located at 24 Wormald Street, Symonston ACT (Property) for $36,000,000[3]. IAP ...
Irongate Group delivers strong HY22 financial result and funds management platform gains traction
Highlights * Distribution of 4.53 cps for the half year ended 30 September 2021[1] * Funds from operations (FFO) of 4.97 cents per security (cps) and adjusted funds from operations (AFFO) of 4.53 cps for the half year ended30 September 2021 * Strong valuation uplift – property portfolio now...
Irongate Group acquires office building in Brisbane with 10 year lease
SYDNEY, Aug. 13, 2021 /PRNewswire/ -- Irongate Group (ASX: IAP; JSE: IAP) has today announced the acquisition of an office building located at 34 Southgate Avenue, Cannon Hill QLD (Property) for $36,000,000, which represents an initial yield of 5.0%. The property is being acquired on a fund-th...
Irongate Board recommends against 360 Capital's request for Board seats
SYDNEY, July 30, 2021 /PRNewswire/ -- The Board of Irongate Group (Irongate or IAP) has recommended securityholders vote against the election of two 360 Capital Group executives to the Board at their upcoming Annual General Meeting on Tuesday 31st August. 360 Capital Group, including its associa...
Irongate Group Announces Acquisition of Canberra Office Property and Institutional Placement
SYDNEY, June 15, 2021 /PRNewswire/ -- Irongate Group (ASX: IAP; JSE: IAP) has today announced the acquisition of an office property inCanberra and a fully underwritten institutional placement. IAP has contracted to acquire a 100% interest in the property located at 38 Sydney Avenue, Canberra ACT...
Irongate Group delivers strong FY21 financial result
Highlights * Funds from operations (FFO) of 9.26 cents per security (cps) and adjusted funds from operations (AFFO) of 8.64 cps for the year ended31 March 2021 * Distribution of 8.92 cps for the year ended 31 March 2021[1] * Significant valuation uplift – portfolio now valued at A$1.237 bill...
Irongate Group Acquires Two Brisbane Industrial Properties
SYDNEY, April 19, 2021 /PRNewswire/ -- Irongate Group (ASX: IAP; JSE: IAP) has entered into agreements to acquire: * an industrial facility located at 57 – 83 Mudgee Street, Kingston QLD ( Kingston Property); and * an industrial facility to be constructed at Lot 24, Dunhill Crescent, Mornings...
Irongate Group Acquires Industrial Property in Prime Brisbane Location
SYDNEY, March 8, 2021 /PRNewswire/ -- Irongate Group (ASX: IAP; JSE: IAP) has entered into a contract for sale of land to acquire an industrial facility located at 153 Main Beach Road, Pinkenba QLD (Property) for $24,750,000. The purchase price represents an initial yield of 5.3% and the acquisit...
