Brief: 360 Capital Says 360 Capital FM And Charter Hall Group Have Entered Into Memorandum Of Understanding

360 Capital

31/01/2022 07:39

Jan 31 (Reuters) - 360 Capital:
    * 360 CAPITAL FM AND CHARTER HALL GROUP HAVE ENTERED INTO A
MEMORANDUM OF UNDERSTANDING
    * TO ACQUIRE IRONGATE FUNDS MANAGEMENT BUSINESS FOR A$5.0
MILLION
& ALL OF CO-INVESTMENT  STAKES IN MANAGED FUNDS FOR A$22.5
MILLION
    * TO PURCHASE A PORTFOLIO OF 3 MODERN OFFICE BUILDINGS IN
IAP
TOTALLING APPROXIMATELY A$254.0 MILLION
    * TO ACQUIRE 50% SHARE IN 100 WILLIS STREET, WELLINGTON NZ
FOR
A$82.0 MILLION
    * CHARTER HALL TO ACQUIRE ALL IRONGATE STAPLED SECURITIES
FOR AN
ALL-CASH CONSIDERATION OF A$1.90 PER IAP STAPLED SECURITY

Source text for Eikon:  ID:nASXbMP08p 
Further company coverage:  TGP.AX 

 ((Reuters.Briefs@thomsonreuters.com;))