Proposed Real Estate Equity Transaction
| Stock | 360 Capital Group (TGP.ASX) |
|---|---|
| Release Time | 24 Sep 2025, 9:10 a.m. |
| Price Sensitive | Yes |
360 Capital Group Announces Proposed Real Estate Equity Transaction
- 360 Capital Group in due diligence on $69 million apartment complex acquisition in Sydney
- Seeking to raise capital from third party wholesale investors to invest alongside 360 Capital REIT
- Transaction subject to due diligence and other conditions, no guarantee it will proceed
360 Capital Group (ASX:TGP) has announced that it is currently in due diligence on the acquisition of a $69.0 million, recently completed apartment complex in Sydney, NSW. The Group has entered into a heads of agreement for the transaction, but it is subject to due diligence and other conditions, and there is no guarantee the transaction will proceed. 360 Capital plans to look to raise capital from third party wholesale investors to invest alongside 360 Capital REIT (ASX:TOT), the Group's listed equity REIT. The announcement was authorized for release by Glenn Butterworth, the Company Secretary. Further information on the Group can be found on the ASX's website, the Group's website, by calling the investor enquiry line, or by emailing the investor relations team.