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Australian Unity extends on DD period on AOF for Starwood

November 14, 2018

 

Australian Unity Investment Real Estate Limited as Responsible Entity of Australian Unity Office Fund announces that, at the request of Starwood Capital Asia Limited (Starwood), it has extended the due diligence period granted to Starwood by two weeks, to allow Starwood time to finalise its due diligence.

 

The due diligence period was granted by AOF following receipt of an unsolicited, indicative and non-binding proposal from Starwood to acquire all of the issued units in AOF for $2.95 cash per AOF unit by way of a trust scheme, as announced on 8 October 2018.

 

The extension of the DD period likely allows other potential parties to raise interest in the trust.

 

 

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