My Food Bag plans to list on the sharemarket at $1.85, valuing the meal kit delivery company at just under $450 million. On Thursday, My Food Bag detailed its plan to list on the NZX and ASX on March 5, raising as much as $342m in an initial public offering (IPO) through the sale of 155.3 million existing and 29.6 million new shares. My Food Bag was founded in 2013 by Cecilia and James Robinson and is fronted by celebrity chef Nadia Lim and backed by former Spark chief executive Theresa Gattung. It has benefited from demand for convenience food and healthy living and has delivered more than 85 million meals to more than 300,000 households since it started.
4360 Park Terrace Drive in Westlake Village.
A 45,464-square-foot office building in Westlake Village has sold in an off-market deal for $8.67 million, or $191 per square foot, according to CoStar data.
Located at 4360 Park Terrace Drive, the structure is part of the master-planned Westlake Spectrum Office Park development.
The building was approximately 40 percent leased at the close of escrow. The new owner, a private investor that occupies a portion of the building, intends to lease up the remaining vacancies and hold onto the asset as a long-term investment. According to CoStar, leases for two of the building’s larger tenants Caldera Medical Inc. with 22,297 square feet and Energy Vault with 12,839 commence this month. A third tenant is already locked in through 2027.