Real Estate
Offer to privatise Japanese REIT values porfolio at AUD1.1bn. : Unitholders in the Australian-listed Astro Japan Property Group have voted overwhelmingly at an extraordinary general meeting to sell the company to Blackstone for AUD430m (€289m). The offer of JPY37.9bn values the real estate investment trust’s (REIT) portfolio of Japanese assets at AUD1.1bn. Blackstone will pay between AUD7.11 and AUD7.38 per security for Astro Japan‘s assets, plus an additional two payments, following the asset sales and winding up of Astro Japan.

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