The board of Asia Pacific Data Centres has recommended a takeover offer from fund manager 360 Capital, setting the scene for a protracted stand-off for control of the trust with a rival suitor, NextDC.
Underlining its support, the board of the $220 million property trust has also agreed to an early dispatch of the takeover offer to investors, in response to a request from 360 Capital, which is led by Tony Pitt.
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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
