Bloomberg – Macquarie Group Ltd. (MQG) is leading investors in an offer to buy the shares of Charter Hall Office REIT (CQO) not owned by the trust’s manager, seeking a return to assets it offloaded 1 1/2 years ago.
Australia’s biggest investment bank and a group of global institutional investors are offering A$3.52 per share, valuing the office trust at A$1.7 billion ($1.8 billion) before the sale of its U.S. assets. Charter Hall Group would retain its stake and management of the REIT, according to the proposal announced in a statement by Sydney-based Charter Hall today.
