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Roc trumps Macquarie with higher offer for Vitalharvest

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Sydney private equity firm Roc Partners has put the pressure back on Macquarie’s real estate arm to sweeten its offer for Costa fruit orchard landlord Vitalharvest after trumping its $1.08-per-unit takeover offer with a 4¢ higher bid.

The $1.12-per-unit takeover proposal, which values the ASX-listed trust at $207 million, is non-binding, but Roc Partners said it intended to submit a binding proposal by March 31.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/commercial/roc-trumps-macquarie-with-higher-offer-for-vitalharvest-20210318-p57bso