Brief: Patron Capital Signs Prelim. Agreement With Madison On Sale Of Majority Stake In Capital Park

Capital Park SA

11/03/2019 14:56

March 11 (Reuters) - Capital Park SA  CPGP.WA :
    * SAID ON MONDAY MADISON INTERNATIONAL REALTY LLC (MADISON),
HAS
SIGNED A PRELIMINARY AGREEMENT FOR THE ACQUISITION OF 65.99%
STAKE IN CAPITAL PARK FROM PATRON CAPITAL PARTNERS
    * THE TRANSACTION PROVIDES MADISON WITH THE ACQUISITION OF A
50%
INTEREST IN THE WARSAW SPIRE OFFICE TOWER
    * MADISON UNDERTAKES THIS ACQUISITION ON BEHALF OF THE
MADISON
INTERNATIONAL REAL ESTATE LIQUIDITY FUND VI
    * BY ENTERING INTO FINAL SALE AGREEMENT MADISON
INTERNATIONAL
REALTY LLC WILL INDIRECTLY PURCHASE 65.99% OF SHARES IN THE
CAPITAL PARK GROUP
    * AFTER COMPLETION OF THE TRANSACTION PATRON CAPITAL
PARTNERS WILL
RETAIN A MINORITY STAKE IN THE GROUP WITH THE REMAINING
SHARES HELD BY MANAGEMENT, LEADING PENSION FUNDS, INVESTMENT
FUNDS AND RETAIL INVESTORS 
 

    
 Source text: https://bit.ly/2Ht9MrF
    
 Further company coverage:  CPGP.WA  
   


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