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Showing 131 - 140 of 148 results for "Office Fund"

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. ...

Colonial First State Property in successful completion of bookbuilding

Colonial First State Property Limited, the manager of the Commonwealth Property Office Fund (CPA), has completed an equity bookbuild at a price of $1.22 per CPA unit, it announced today. This price represents a discount of 2.7 per cent to the CPA closing ...

ING Management appoints new leasing and acquisitions manager

ING Management Ltd, the Responsible Entity of the ING Industrial Fund (IIF) and the ING Office Fund (IOF), has appointed David Foster its industrial acquisitions and leasing manager, it announced today. "David's appointment further strengthens the IIF ...

CPA announces $317.2 million property acquisitions

WITH AAP  |  TUESDAY, 24 JUN 2003
The Commonwealth Property Office Fund (CPA) has acquired three properties for $317.2 million, which promises to deliver an initial combined yield of 8 per cent, it has announced. CPA will acquire the remaining 50% stake in the commercial tower in the ...

PREIA and BTFM make changes to POF management delegation deed

Principal Real Estate Investors Australia Ltd (PREIA) and Principal Office Funds' (POF) responsible entity - BT Funds Management Ltd (BTFM) - have today amended the management delegation deed (MDD) entered into as a result of sale of substantial parts ...

Principal Group tipped to launch counter bid for POF: Analysts

The US-based Principal Group is the favourite among analysts to launch a counter bid for Principal Office Fund (POF) following Investa Property Group's $1.87 billion offer. "The general feel around the market is that Principal themselves are the most ...

S&P rates Principal Office Fund A- following IPG announcement

Standard & Poor's Ratings Services (S&P) has placed a A- corporate credit rating on Principal Office Fund (POF) and put its associated debt issues on CreditWatch with negative implications, it has announced. This follows yesterday's Investa Property ...