Company news: 360 Capital Industrial Fund
The 360 Capital Industrial Fund has completed the acquisition of ANI (including compulsory acquisition of outstanding securityholders). The portfolio has now grown from 22 to 38 industrial properties. Although the acquired portfolio is currently 100% leased, there is an expiry "hump" in FY-17. This is the immediate focus, and is actually an exciting opportunity - as successfully extending the lease expiry profile is highly likely to result in increased property valuations, which in turn increases the NTA (net tangible asset) value per security.