New Zealand Exchange Limited (NZX) is pleased to welcome Kermadec Property Fund Limited to the NZSX Market today.
Kermadec Property Fund's initial portfolio of properties provides diversified exposure to the office, industrial and car park sectors, strongly focused on the Auckland market and individual industrial properties in Hamilton and Palmerston North.
NZX Markets Development Manager, Geoff Brown said, “The Kermadec listing allows investors to gain a diversified portfolio with some exposure to property. The demand for this offer shows that investor appetite for the property sector by way of IPO is strong”.
Shares in Kermadec will be quoted on the NZSX Market under the security code KPF from 10am today.
