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BLACKWALL LIMITED — Capital/Financing Update 2016
Mar 16, 2016
64590_rns_2016-03-16_bfeee08a-16b4-4bc2-8b25-ec0befdc9f5d.pdf
Capital/Financing Update
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17 March 2016
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ASX Release
BWF
Strategic Alliance with Primary Markets
Blackwall Property Funds today announces it has formed a strategic partnership with PrimaryMarkets, the platform for the sale and purchase of unlisted securities and investments.
The partnership allows for trading of units in Blackwall’s unlisted property funds on PrimaryMarkets’ online platform.
Unitholders in Blackwall’s funds will be able to utilise the platform if they want to exit their investment in the property trusts before the maturity date.
Blackwall Property Funds’ Chief Executive Officer, Stuart Brown, said: “We believe the relationship with PrimaryMarkets will be beneficial as it can provide an early liquidity event for our unitholders should they need it.”
New Blackwall offerings will also be available for subscription on PrimaryMarkets.
Stuart Brown Chief Executive Officer
BlackWall Property Funds Limited
About BlackWall
ASX listed, BlackWall has diversified property operating businesses and investments. The group’s property funds management operations have been structuring real estate investments to retail, wholesale and sophisticated investors for over 15 years. Its property management subsidiary undertakes leasing, design, development and management with a particular focus on distress or urban renewal projects. In addition, its short-term accommodation business, WOTSO WorkSpace is growing rapidly to become Australia’s largest collaborative workspace operator.
About PrimaryMarkets
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PrimaryMarkets delivers liquidity for unlisted securities and investments. PrimaryMarkets is led by a highly-professional Board with strong marketplace experience and is an unlisted public company with a diverse shareholding of institutional, professional and wholesale/sophisticated investors. PrimaryMarkets has an ever growing base of Sellers, Buyers and Intermediaries. PrimaryMarkets offers solutions for global Sellers and Buyers with investments being located in most worldwide jurisdictions.
BLACKWALL PROPERTY FUNDS LIMITED (ASX Code: BWF) ABN 37 146 935 131 Level 1, 50 Yeo Street, Neutral Bay, Sydney NSW 2089 Australia | PO Box 612, Neutral Bay, Sydney NSW 2089 Australia | Tel +61 2 9033 8611 | Fax +61 2 9033 8600 | www.blackwallfunds.com.au