Data storage operator NextDC has sweetened its offer for Asia Pacific Data Centres, hoping a knockout bid will end a rival proposal from property fund manager 360 Capital.
The tussle for control of the boutique facilities fund took another turn on Monday when its sole tenant, NextDC, lifted its existing cash offer – at $1.85¢ per share – to $1.87¢
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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