THE independent expert, Deloitte Corporate Finance, engaged by the manager of the Grocon Property Trust Australia, has recommended the Commonwealth Property Office Fund proposal.
GPTA owns the AXA Headquarters at 750 Collins Street which is being sold to CPA.
The opinion said it is in the best interest of GPTA unitholders and as a result, the manager of the trust, PRE Services, will recommend unitholders approve the proposal. A GPTA unitholder meeting will be held on 16 December 2010 to vote on the proposal.
Australian Property Journal
