Mirvac to exit Chicago industrial trust
Mirvac Group will end its exposure to the US market through an agreement with Goldman Sachs to buy out all the units in the listed Mirvac Industrial Trust, which controls a $US164 million portfolio of Chicago warehouses.
Mirvac Group will end its exposure to the US market through an agreement with Goldman Sachs to buy out all the units in the listed Mirvac Industrial Trust, which controls a $US164 million ($184 million) portfolio of Chicago warehouses.
Under the deal, a Goldman Sachs subsidiary, AustFunding, will acquire the units in a transaction that values the portfolio at $US170 million, a 3.7 per cent premium above book value.
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