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Access here alternative investment news about Investa Office Fund Allows Icpf And Macquarie To Vote On Blackstone Bid | News | Ipe Ra
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Investa Office Fund Allows Icpf And Macquarie To Vote On Blackstone Bid | News | Ipe Ra

by realassets.ipe.com posted 1year ago 35 views
Australian real estate fund is subject to takeover offer by Blackstone. : The board of the listed Investa Office Fund has cleared the way for its largest shareholder, Investa Commercial Property Fund (ICPF), to vote on Blackstone’s AUD3.1bn (€2bn) takeover offer. The decision has intensified speculation of a challenge to the Blackstone bid, potentially from Macquarie Real Estate Investment (MREI), which this week bought 50% of the fund management platform of IOF. At the very least, according to market sources, it looks almost certain that Blackstone will need to increase its offer.

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