Newmark REIT Sees Major Shift in Shareholder Power

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

Newmark Property REIT has experienced a notable change in substantial holdings, with BWP Management Limited’s voting power increasing from 81.44% to 82.92% following an off-market takeover bid. The change occurred on April 15, 2024, as BWP acquired additional shares through an offer acceptance that exchanged each Newmark ordinary security for 0.4 fully paid units in BWP. This strategic move by BWP Management and its associate Wesfarmers Investments Pty Ltd is reflective of their growing influence in Newmark Property REIT’s operations.

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