DEXUS to purchase Investa Office Fund

Dexus has offered an 7% premium to NTA for the Investa Office Fund, no doubt encouraged by the 15% premium on its own stock.

DEXUS has made an ‘indicative, conditional and non-binding’ offer to purchase Investa Office Fund, the owner of 21 office towers primarily located in the Sydney and Melbourne CBDs. The two parties will conduct due diligence on each other on an exclusive basis over the next two weeks in an effort to finalise the terms of the deal.

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