CFS Retail Property Trust Group
(ASX:CFX) is expecting to change its name to Novion Property Group from November 3.
As part of the change the retail focussed property trust is also anticipating changing its ASX code from CFX to NVN.
The changes will be put to a securityholder vote at the company’s annual general meeting on October 31.
Managing Director and CEO Angus McNaughton says the new name represents the group’s evolution as part of its recent internalisation.
Novion is derived from the Latin word for new and the word ‘on’ and is meant to represent the company’s desire to look for new ideas and improved solutions.
CFS Retail Property Trust Group reported a net profit of $400 million in the 2014 financial year.
