Yuexiu Reit raises $415 million towards Guangzhou IFC acquisition

The placement is done at a lower price than initially indicated and attracts a lot of demand from investors who like the 7.6% yield.

Anette Jönsson

September 28, 2012

Gaungzhou IFC, one of the world's tallest skyscrapers

Hong Kong-listed Yuexiu Real Estate Investment Trust, which was previously known as GZI Reit, has raised $415 million from an equity placement to complete the financing package for the Rmb8.85 billion ($1.4 billion) acquisition of Guangzhou International Finance Centre from its parent company.

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