Cromwell Views Due Diligence Investigation as a Prerequisite to Binding Bid for Investa Office Fund
Cromwell Property Group is seeking support from Investa Office Fund unitholders to conduct due diligence before potentially putting forward a binding cash offer to privatise the fund. Investa Office Fund owns a AUD 3.6 billion portfolio, 80% of which are prime CBD office buildings with 60% in Sydney.Previously, Cromwell had proposed a conditional cash offer of AUD 4.45 (subject to due diligence) for each security in Investa Office Fund, but this was rejected by the responsible entity of Investa...
Cromwell Property Group has five operating segments: property investment, which owns investment properties located throughout Australia; property/internal funds management, which includes property and facility management, leasing and project management for the trust and all of Co.'s managed investment schemes; external funds management - retail, which at June 30 2016, included nine Co.-managed external retail funds with combined assets under management of A$1.70 billion; external funds management - wholesale, which had combined assets under management of A$5.60 billion as at June 30 2016; and property development.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.