Mirvac to conduct due diligence on WOT
(8 April 2010 – Australia) Mirvac Group (Mirvac) has announced that it has been granted exclusivity by Westpac Funds Management Limited (WFML) and Westpac Banking Corporation (Westpac) to conduct due diligence in relation to the potential acquisition of Westpac Office Trust (WOT).
Mirvac said, in a statement, that the discussions between the group and WFML and Westpac over the proposed acquisition were nonbinding, confidential and incomplete.
The real estate and investment group also said that there is no certainty that the proposed acquisition will proceed and they emphasised that the structure and consideration for the proposed acquisition have not been finalised.
Mirvac added that if WFML and Westpac agree to terms on the proposed acquisition, Mirvac will make a further announcement to the market.
The real estate and investment group also said that there is no certainty that the proposed acquisition will proceed and they emphasised that the structure and consideration for the proposed acquisition have not been finalised.
Mirvac added that if WFML and Westpac agree to terms on the proposed acquisition, Mirvac will make a further announcement to the market.
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