Aliro Group’s $403 million takeover offer for ASX-listed Australian Unity Office Fund has been endorsed by the board, after earlier winning support from the property trust’s biggest investor.
Aliro, which is led by Charter Hall co-founder David Southon, has been granted two months due diligence on the fund’s $570 million, seven-asset portfolio, adding momentum to the prospect of a buyout.
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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
