Data centre operator NextDC took a step ahead of rival 360 Capital after the Asia Pacific Data Centres board unanimously recommended NextDC's $1.87-a-share offer for the industrial landlord.
APDC told shareholders after market close on Friday it backed its tenant's sweetened bid in the absence of a better offer and cited an independent report calling the NextDC bid fair and reasonable.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
