APN Funds Management Limited (APN) (ASX:ADI) which operates as a responsible entity manager of APN Indstria REIT announced the acquisition of 10 Brandl ST for $10.0 million.
The deal settlement is expected in late October. Gearing is anticipated to rise ~ 33 per cent, which is toward the bottom end of the funds 30 per cent to 40 per cent target gearing band.
At AEST (12:51 PM), the stock was trading at $3.000, up by 0.334 per cent from the previous close.
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