Investa Office Fund (ASX: IOF)
Results of Unitholder Meeting
The responsible entity of Investa Office Fund ("IOF"), Investa Listed Funds Management Limited ("ILFML") announced that the proposed acquisitions put forward at today’s Unitholder Meeting, were approved by IOF unitholders.
The proposal was approved with approximately 92% of votes cast in favour of the resolution, indicating strong support for the proposal.
It is confirmed IOF is to acquire:
- A 25% interest in the iconic 126 Phillip Street, Sydney ("Deutsche Bank Place"), one of the premier CBD office properties in Australia; and
- A 50% interest in 242 Exhibition Street, Melbourne ("Telstra Global Headquarters"), an A-Grade CBD office property that serves as the Telstra Global Headquarters, from members of Investa Property Group.
Toby Phelps, Fund Manager of IOF said: "We are delighted that the unitholders have endorsed this major transaction which represents another significant step in our strategy to reposition IOF as Australia’s pre-eminent CBD office fund.”
At the meeting, the resolution set out in the Notice of Meeting and Explanatory Memorandum lodged with the ASX on 23 February 2012 was passed by the requisite majorities. The resolution was decided by way of poll with details of the votes as follows: