Brief: HMC Capital Reaches First Close On Last Mile Logistics Fund

HomeCo Daily Needs REIT

23/06/2023 02:41

June 23 (Reuters) - HMC Capital Ltd  HMC.AX :
    * REACHES FIRST CLOSE ON LAST MILE LOGISTICS FUND AND
ON-TRACK TO
ESTABLISH OVER A$2 BILLION OF UNLISTED FUNDS
    * SECURED A$400M OF EQUITY COMMITMENTS INCLUDING A$350M FROM
A
MAJOR AUSTRALIAN INSTITUTIONAL INVESTOR
    * LML FUND SERIES WILL TARGET TRADITIONAL RETAIL PROPERTIES
    * SECURED A$50M FROM HOMECO DAILY NEEDS REIT
    * REAFFIRMING FY23 DPS GUIDANCE OF 12 AU CENTS
    * ON TRACK TO ACHIEVE A$10BN COMMITTED AUM TARGET BY YEAR
END 2023
    * IS IN ACTIVE DISCUSSIONS WITH ADDITIONAL INSTITUTIONAL
INVESTORS
FOR FUTURE LML FUND SERIES

Source text for Eikon:  ID:nASX7XtLMt 
Further company coverage:  HMC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))