Investors - MAY 29, 2018

Blackstone makes another bid for Investa Office Fund

by Andrea Zander

Blackstone Group has made a A$3.08 billion ($2.3 billion) bid for Sydney-focused company Investa Office Fund (IOF).

IOF’s directors said they would unanimously recommend the unsolicited and non-binding offer.

Investa Office Fund is an Australia-listed real estate investment trust with a portfolio of 20 downtown office assets in Sydney and other cities.

The revised Blackstone bid is its third takeover attempt. The previous bids were made in April 2018 and May 5, 2018.

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