A consortium led by the Goodman Group
(ASX:GMG) says it has made a revised offer for the $1.47 billion ING Industrial Fund
(ASX:IIF) and says it expects ING shareholders to endorse the proposal.
In October Australia’s largest industrial property group made a conditional bid for ING, and has now completed due diligence.
Goodman Group says more details about the transaction are expected to be announced shortly.
The group has also advised that it has restructured $1.5 billion of a debt facility for its unlisted Goodman Australia Industrial Fund.
In fiscal 2010, Goodman Group posted a net loss of $510.3 million.
