Australian Industrial receives improved bid

Company News

Australian Industrial Reit (ASX:ANI) has received an improved and unconditional offer from 360 Capital Industrial Fund.
 
360 Capital Industrial Fund has increased its offering to $2.47 per ANI unit.
 
This offer would beat the $2.40 per unit indicative, non-binding offer ANI announced it had received from a “credible consortia of offshore listed investors” on Monday.
 
360 Capital Industrial Fund have extended the closing date of the offer to 12 October 2015, from 28 September.
 
Australian Industrial REIT reported a net profit of $36.3 million in the 12 months to 30 June 2015.

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