The company has announced $102.1m of acquisition opportunities that are either contracted or under exclusive due diligence. These will be funded by a $50m institutional equity placement, a $15m share purchase plan and debt.
The company will acquire the Southern Cross portfolio for $285m as well as four other centres for $16.1m. Southern Cross is expected to be mildly accretive in FY17. FY17 guidance is for underlying earnings per share in the range of 9.2-9.4c.