Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Columbia Property Trust Plans New York Stock Listing Next Month

Sept. 30 (Bloomberg) -- Columbia Property Trust Inc., the real estate investment trust with more than $5 billion of property assets, plans to list shares on the New York Stock Exchange next month.

The stock will trade under the ticker symbol CXP on or about Oct. 10, Columbia said today in a statement. The company said it plans to purchase as much as $300 million of the common shares. It didn’t disclose the pricing of the IPO or how much it plans to raise.

Columbia, based in Atlanta, changed its name from Wells Real Estate Investment Trust II Inc. and separated from adviser Wells Real Estate Funds in March as a step toward listing shares or liquidating its assets by October 2015, as required under the company’s charter.

The listing will “increase our shareholders’ total return potential over the long term by providing access to additional capital,” Columbia President Chief Executive Officer Nelson Mills said in the statement.

Editors:

To contact the reporter on this story: Patrick Gower in London at pgower@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.