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MIRVAC GROUP — Capital/Financing Update 2015
Aug 13, 2015
65328_rns_2015-08-13_a83973d7-bd84-4487-96a2-1b76b15e5bd7.pdf
Capital/Financing Update
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14.08.15
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Investa Office Fund (ASX: IOF)
Market Update – Stratetgic Review
Further to the updates on the Morgan Stanley Sale Process announced on 18 February 2015 and 7 August 2015, Morgan Stanley has advised the Independent Board Committee ( IBC ) that Mirvac Group ( Mirvac ) has been provided a period of exclusivity to potentially acquire the Investa Office Management Platform.
As previously announced, the IBC remains committed to act in the best interest of IOF unitholders. Accordingly, the IBC has commenced a process to undertake a full strategic review. The objective of the strategic review is to maximise value for all unitholders and the IBC will be exploring all options including the ongoing management and ownership of IOF.
The IBC and its advisers have engaged with Mirvac during the period of exclusivity and will continue to do so as part of the strategic review.
Macquarie Capital, Fort Street Advisers and Herbert Smith Freehills will assist the IBC in conducting this review.
There is no certainty that any particular outcome will result from the strategic review. The IBC will keep unitholders informed of any material developments as they occur.
-ENDS-
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About Investa Office Fund
Investa Office Fund (ASX code: IOF) is an ASX-listed real estate investment trust (A-REIT) and is included in the S&P/ASX100 index. IOF is a leading owner of investment grade office buildings and receives rental income from a tenant register comprised predominately of Government and blue chip tenants. IOF has total assets under management of AU$3.1 billion with 22 investments located in core CBD markets throughout Australia. IOF’s focus is on delivering attractive risk-adjusted returns to its unitholders from a portfolio of high quality assets located in the key CBD office markets of Australia.
About Investa Office
Investa Office is Australia’s leading owner and manager of commercial office buildings, controlling assets worth more than $8.9 billion in key CBD markets across Australia. Our end-to-end real estate platform incorporates funds, portfolio and asset management, property services, development, sustainability, capital transactions and research.
We strive to be the first choice in Australian office, by delivering consistent outperformance for our investors and exceeding the expectations of our tenants and staff. Investa Office is a global leader in sustainability and is committed to responsible property investment and the ongoing pursuit of sustainable building ownership and management. We are a signatory of the United Nations Principles for Responsible Investment.
| Fund Enquiries | Media Enquiries | |
|---|---|---|
| Ming Long | Alex Abell | Alicia Mitchell |
| Fund Manager | Assistant Fund Manager | General Manager, Marketing & |
| Investa Office Fund | Investa Office Fund | Communications |
| T+61 2 8226 9324 | T+61 2 8226 9341 | T+61 2 8226 9378 |
| M+61 400 686 090 | M+61 466 775 112 | M+61 411 137 297 |
| E[email protected] | E[email protected] | E[email protected] |
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