January 29, 2020 / 12:10 AM / 19 days ago

Starwood offers $485 mln for Australian Unity Fund

Jan 28 (Reuters) - U.S. property investment firm Starwood Capital Group unit said on Wednesday it will make an all-cash offer of $485 million for Australian Unity Fund.

SOF-XI Legs Holdings, a controlled affiliate of Starwood Capital, said it will pay $2.98 per unit for Australian Unity Fund’s shares, a premium of 2.4% to the fund’s last close of A$2.91.

Australian Unity Fund was not immediately available for a comment. (Reporting by Maria Ponnezhath in Bengaluru; Editing by Sam Holmes)

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