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Transactions - SEPTEMBER 13, 2018

Oxford Properties raises offer for Investa

by Andrea Zander

Canadian landlord Oxford Properties Group, real estate arm of Ontario Municipal Employees Retirement System, has increased its bid for Australian office owner Investa Office Fund, continuing the bidding war with Blackstone Group.

Oxford’s new offer is A$0.10 ($.07) per share higher and values Investa at A$3.35 billion ($2.41 billion).

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