Any attempt by Growthpoint Properties Australia to take over and delist industrial and office property landlord Industria REIT, is likely to be protracted and come at a cost with a poison pill payment required if its current manager is removed.
Growthpoint made a $68.1 million purchase of an 18.2 per cent stake in Industria this week snapping up the holding from the Tony Pitt-led 360 Capital through investment bank Moelis.
Loading...
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
