Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 144 results for "Office Fund"

S&P leaves POF ratings on CreditWatch

WITH AAP  |  THURSDAY, 14 AUG 2003
Standard & Poor's Rating Services today said the ratings on Principal Office Fund (POF) remain on CreditWatch with negative implications after its responsible entity recommended acceptance of Investa Property Group's (IPG) takeover offer. As of today ...

Commonwealth Property announces $171.3 million profit for the year

Colonial First State Property, the manager of the Commonwealth Property Office Fund (CPA) has today announced a net profit of $171.3 million for the fund during the 12 months to 30 June 2003, representing an increase of $117.3 million over the result ...

Investa closes in on 50% interest in POF

Investa Property Group is closing in on obtaining a 50 per cent stake in takeover target Principal Office Fund (POF), it has announced to the market. Investa said today it had now claimed a 44.90% interest in the office fund. Investa snatched up the ...

Investa increases POF interest to 39.7%

WITH AAP  |  MONDAY, 11 AUG 2003
... trust Investa Property Group said today it had acquired a nearly 40 per cent interest in its takeover target Principal Office Fund (POF), increasing its relevant interest in POF to 39.7%, after last week upping its bid for the office fund. Last Thursday ...

Investa to increase POF bid by 4 cents

Investa Property group has said it will increase its offer for Principal Office Fund (POF) by an additional four cents if it receives acceptances giving it more than 37.5 per cent. Investa said it would up its offer to seven IPG securities and $5.70 ...

Investa needs 45% stake in POF takeover to have chance: Analysts

WITH AAP  |  TUESDAY, 5 AUG 2003
Investa Group Ltd would have to build a 40 per cent to 45% stake in takeover target Principal Office Fund (POF) to have any chance of toppling POF's own alternative proposal, analysts said today. Analysts said the alternative proposal, put forward by ...

POF posts $92.5 million net profit

Takeover target Principal Office Fund (POF) said the Australian office market would begin to stabilise after its 2002/03 profit was hit by falling demand. POF posted a net profit of $92.5 million for the year ending 30 June 2003, down 6 per cent from ...

POF advises unitholders of alternative takeover proposal

WITH AAP  |  THURSDAY, 17 JUL 2003
Principal Office Fund (POF) today advised unitholders of its alternative proposal to the hostile $1.5 billion takeover bid from Investa Property Group. In a letter to unitholders, Principal said its alternative proposal is set out in a Third Supplementary ...

POF in talks with US Principal Group after superior takeover offer

Principal Office Fund (POF) has admitted it is undertaking advanced talks with US-based Principal Group regarding a possible alternative proposal to Investa Properties Ltd's takeover bid. Investa, which has a 9.5 per cent stake in Principal, is offering ...

POF reiterates rejection of Investa Properties takeover

Principal Office Fund has reiterated its rejection of Investa Properties Ltd's current takeover offer, after Investa yesterday declared its bid free from all defeating conditions. Principal said the offer undervalued the company and was highly conditional. ...