Quest Serviced Apartments mulls Australian Securities Exchange float

George Sell George Sell Uploaded 03 February 2014


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.


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