Original article by Nick Lenaghan, Matthew Cranston
The Australian Financial Review – Page: 31 : 29-May-18
US fund manager Blackstone has announced a $A3.1 billion takeover bid for Investa Office Fund, with Investa directors having indicated their support for the offer. Investa’s property portfolio is valued at $A4 billion, with its assets including Barrack Place and Deutsche Bank Place in Sydney. Investa was the subject of an unsuccessful bid by Cromwell Property Group in 2017, while a bid for it by Dexus in 2016 also failed to succeed.
INVESTA OFFICE FUND – ASX IOF, THE BLACKSTONE GROUP LP, DEUTSCHE BANK AG, CROMWELL PROPERTY GROUP – ASX CMW, DEXUS – ASX DXS, TELSTRA CORPORATION LIMITED – ASX TLS, UBS HOLDINGS PTY LTD, JP MORGAN AUSTRALIA LIMITED, WESTFIELD CORPORATION – ASX WFD, UNIBAIL-RODAMCO