Macquarie's property arm has launched a $300 million cash bid to buy out Vitalharvest Freehold Trust, just five months after the John Bond-led Primewest took over management of the ASX-listed agricultural land fund.
Macquarie Infrastructure and Real Assets (MIRA) has lobbed its bid as either a scheme agreement to acquire all 185 million units in the trust at $1 each, or failing sufficient investor support for that, as a $300 million offer to buy the assets directly.
Loading...
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
