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Starwood gets due diligence access to Australian Unity Office

Australian Unity Office Fund's responsible entity said Starwood Capital Group, through Starwood Capital Asia Ltd., has been granted due diligence access for a four-week period following a sweetened A$2.95-per-unit buyout offer for the office real estate investment trust.

Starwood's increased bid follows its previous unsolicited, indicative and nonbinding proposals to the trust of A$2.56 per unit in May and A$2.72 per unit in July.