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Macquarie takes stake in A$11B Investa platform under strategic deal

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Macquarie takes stake in A$11B Investa platform under strategic deal

Macquarie Capital (Australia) Ltd. received Investa Property Group shareholders' approval for the two's strategic partnership agreement that will see the bank's comeback to Australia's property management scene, The Australian reported.

The partnership, announced in May, will have Macquarie own a stake in the A$11 billion Investa platform and will create cooperation opportunities for the duo, according to the Aug. 8 report. The agreement will also allow Macquarie to have some say in Blackstone Group LP's A$3.14 billion takeover offer for Investa Office Fund.

Macquarie Group Ltd. sold its real estate assets in Australia in 2010 to Charter Hall Group.

Macquarie and Investa declined to comment on the matter, the publication added.