BWP Trust (ASX: $BWP) increased stake in NPR

BWP Trust (ASX: $BWP) has announced an increase in its stake in Newmark Property REIT (ASX: $NPR) to approximately 20.18% of the total number of NPR securities on issue. This follows the off-market takeover offer under Chapter 6 of the Corporations Act 2001 (Cth) for all of the stapled securities in NPR.

Executive Commentary on Increased Stake in NPR

The Directors of BWP Management Limited, as the responsible entity for the BWP Trust, are pleased to announce the increase in our stake in Newmark Property REIT. This move aligns with our strategic objectives and reflects our confidence in the potential synergies that can be realized through this increased investment. We believe that this enhanced position will create value for our stakeholders and contribute to the long-term growth of the BWP Trust.

Summary of BWP Trust's Announcement

BWP Trust (ASX: $BWP) has disclosed an increase in its stake in Newmark Property REIT (ASX: $NPR) to approximately 20.18% of the total number of NPR securities on issue. This development is a result of the off-market takeover offer under Chapter 6 of the Corporations Act 2001 (Cth). The increased stake demonstrates BWP Trust's commitment to strategic investments and its confidence in the potential synergies with NPR. Looking ahead, BWP Trust aims to leverage this enhanced position to drive value for its stakeholders and contribute to the long-term growth of the trust.