Investa Takeover Round-About Slows With Oxford Having the Upper Hand; FVE Increased to AUD 5.55
The anticipated takeover of Investa Office Fund, or IOF, by Blackstone looks an unlikely proposition as late bidder Oxford Properties Group appears to have the upper hand. Oxford's all cash nonbinding and conditional cash offer of AUD 5.60 per Investa unit made on Sept. 13, 2018 (less any distributions subsequently declared) has trumped Blackstone Group's previously improved non conditional proposal of AUD 5.52 cash per Investa Unit made on Sept. 10, 2018. Oxford is well-placed as it holds a siz...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.
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