Propertylink Group (ASX:PLG)
has today submitted a non-binding and indicative proposal to acquire all of the outstanding units in Centuria Industrial REIT (ASX:CIP)
Based on Propertylink’s closing price on 12 September 2018, the implied value of Propertylink’s proposal is $3.04 per CIP unit, which values the equity of CIP at $755 million.
The Proposal is subject to, among other conditions, Propertylink acquiring at least 50.1 per cent of CIP units.
Shares in Propertylink Group (ASX:PLG)
are flat at $1.07.