NPR

BWP Trust and Newmark Property REIT back merger to create $3.5b real estate portfolio

The boards of real estate financing specialists BWP Trust (ASX: BWP) and Newmark Property REIT (ASX: NPR) continue to back a proposed $250 million merger announced in late January. In releasing its bidder’s statement and half-year results today, BWP management said the bid implementation deed takeover offer for Newmark makes strong sense for both companies. […]