Investa is of high quality with strong demand in key markets but new supply poses longer-term risks.
Investa Office Fund has received a nonbinding takeover offer from Blackstone Singapore by way of a trust scheme. The offer price is AUD 5.25 per unit, less any distributions paid before the takeover completes. We raise our fair value estimate to AUD 5.15 per unit from AUD 4.40 per unit, aligning with the all-cash takeover offer net of a forecast AUD 0.10 final fiscal 2018 distribution. The transaction looks very likely to proceed as proposed. The offer price represents an attractive 16% premium ...Investa Office is a real estate investment trust formed by the stapling of the units in two Australian registered schemes, Armstrong Jones Office Fund and Prime Credit Property Trust. The principal activity of Co. is to own investment grade office buildings, generating rental and other property income. These properties are either owned directly or indirectly through the ownership of interests in unlisted entities.
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.
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