Charter Hall Gets $1.8B Bid From Macquarie-Led Group

Law360, New York (August 29, 2011, 2:32 PM EDT) -- Australian real estate investment trust Charter Hall Office REIT's responsible entity revealed Monday that it had received notice that Macquarie Capital Group Ltd. was leading an investment consortium in a bid to purchase the REIT for a reported AU$1.7 billion ($1.8 billion).

Charter Hall Office Management Ltd. said its independent directors had received the highly conditional, nonbinding and confidential proposal on behalf of the consortium of Macquarie and a number of global institutional investors to acquire Charter Hall Office REIT, which trades on the Australian Stock...
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