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Australia: Quest Serviced Apartments is reported to be considering a float on the Australian Securities Exchange.
A report in The Australian quoted “market sources” as saying that Australasia’s largest serviced apartment group, advised by investment bank Goldman Sachs, is believed to be the latest hospitality company considering a float.
Quest has been working with Goldman Sachs to find an institutional buyer for its development pipeline, potentially creating an unlisted property trust worth up to $300 million.
But the report suggest an initial public offering could be an alternative move for Quest, which has just been confirmed as a sponsor for the 2014 Serviced Apartment Summit in London.
www.questapartments.com.au#sthash.iKDvj7sU.dpuf
www.questapartments.com.au#sthash.iKDvj7sU.dpuf
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