trending Market Intelligence /marketintelligence/en/news-insights/trending/UdgX-dlhmEEGg3BjrT7hLQ2 content esgSubNav
In This List

ESR launches compulsory acquisition of Propertylink securities


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

ESR launches compulsory acquisition of Propertylink securities

ESR Real Estate (Australia) Pty Ltd. is buying the remaining securities it does not already own in Propertylink, following the closing of its takeover offer and pursuant to Australia's takeovers code.

The ESR Cayman Ltd. subsidiary is offering A$1.164 in cash per Propertylink security, the same amount as its buyout bid, with the compulsory acquisition expected to be settled within five to six weeks from March 14.

ESR's voting power in the industrial real estate investment trust stood at 98.00% when the offer closed March 8 at 7 p.m. Sydney time.