Newmark Property REIT Ownership Shifts

Newmark Property REIT (AU:NPR) has released an update.

Newmark Property REIT has announced a significant shift in its ownership structure, with BWP Management Limited increasing its substantial holding to 77.50% through an off-market takeover bid. This strategic move involved trading 0.4 fully paid units in BWP for every 1 ordinary security in Newmark Property REIT. The change in voting power reflects a notable consolidation of influence by BWP, with implications for the company’s future direction.

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