Morningstar | Investa Acquired by Oxford Properties
As expected, Oxford Properties' proposal to acquire Investa Office Fund via a trust scheme was passed at the unitholder meeting Dec. 4.The last day of trading in Investa Office Fund will be Dec. 6, and eligible unitholders will receive the consideration of AUD 5.60 per unit on Dec. 14.
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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