BWP Trust (AU:BWP) has released an update.
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BWP Trust has increased its voting power in Newmark Property REIT from 93.05% to 94.56% through an off-market takeover bid, offering 0.4 BWP units per NPR security. The change occurred on May 15, 2024, following the acceptance of the takeover offers by NPR security holders. This strategic move consolidates BWP Trust’s substantial holding and influence over the property investment entity.
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