A consortium headed by Macquarie Group is seeking to take Charter Hall Office REIT private, The Wall Street Journal reports. The offer values the real estate investment trust at $1.85 billion. The consortium has offered $2.53 cash for each unit in the trust not already owned by manager Charter Hall Group, which holds a 13.3% interest. Charter Hall will retain its stake in the REIT.
Click here for the story from The Wall Street Journal.
Click here for the release from Bloomberg.