Argo has acquired a stake, not revealed whether at IPO or on market, in REP, as disclosed in their Half Yearly
After listing a few cents above the $1.00 issue price, there has been a bit of a selldown in January, dropping from $1.02 to 95c.
As Capitalisation Rates are all important in commercial property valuations, there is a fair likelihood any pricing adjustment is based on changing Bond rates
- 2-year yield: in Oct was 0.13% , now 0.92%
- 5-year yield: ………………. 1.18% , now 1.64%
- 10-year yield: …………….. 1.80% , now 1.96%
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