HomeCo Daily Needs REIT appoints Equity Trustees as custodian

Equity Trustees

Equity Trustees has been appointed as custodian of HomeCo’s latest REIT – one of the largest IPOs of 2020.

The HomeCo Daily Needs REIT (ASX:HDN), which consists of convenience-based assets in areas with access to densely populated trade areas, is seeking to raise up to $300 million in funding.

The REIT currently holds assets valued at approximately $850 million. Seed assets purchased this year include retail centres previously owned by Woolworths, Gregory Hills Town Centre in Sydney’s south west and Glenmore Park Town Centre near Penrith in NSW, which at the purchase price of $150 million was one of the most significant property deals in Australia this year.

/Public Release.