News

Growthpoint takeover bid to acquire GPT Metro Office Fund

1 July 2016

Summary:

  • Growthpoint announces takeover bid to acquire GPT Metro Office Fund
  • Offer consideration comprises $1.25 cash and 0.3968 Growthpoint securities per GMF unit, giving an implied value of approximately $2.50 per GMF unit
  • Alternatively, GMF unitholders can elect to receive 100% cash consideration of approximately $2.50 per GMF unit under the Cash Alternative Facility
  • Growthpoint has acquired a 13% interest in GMF and has entered into a Facilitation Agreement with GPT

Download the full ASX Announcement