June 14, 2017 / 1:35 AM / 2 months ago

BRIEF-Garda Diversified Property Fund to acquire industrial facility

June 14 (Reuters) - Garda Diversified Property Fund :

* Acquisition of Pinkenba Industrial Facility

* The property will be acquired for $19 million, representing an initial yield of 7.4%

* Exchanged unconditional contracts to acquire industrial facility to be developed in Brisbane's Australia Trade Coast Precinct

* Acquisition will initially be debt funded with LVR anticipated to increase to approximately 44% Source text for Eikon: Further company coverage:

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