A 360 Capital-run fund has struck an $85 million deal to merge with listed investment company URB Investments, winning backing from the target fund's major shareholder Washington H. Soul Pattinson.
The listed 360 Capital Total Return Fund has a scheme implementation agreement with URB, through which investors would receive 0.9833 units in the 360 Capital-run fund for each URB share.
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
