News: IAP Charter Hall Partnership Enters SIA To Acquire Irongate

March 30 (Reuters) - Charter Hall Group (CHC) :

• CHARTER HALL GROUP - CHARTER HALL PARTNERSHIP ENTERS SIA TO ACQUIRE IRONGATE
• CHARTER HALL GROUP - UNDER TERMS OF SIA, IAP SECURITYHOLDERS WILL RECEIVE A$1.90 CASH PER IAP STAPLED SECURITY
• CHARTER HALL GROUP - CHARTER HALL WILL OWN A 12% STAKE IN PARTNERSHIP, WITH PGGM OWNING REMAINING 88% INTEREST;
• CHARTER HALL GROUP - IAP BOARD HAS UNANIMOUSLY RECOMMENDED THAT IAP SECURITYHOLDERS VOTE IN FAVOUR OF TRANSACTION
• CHARTER HALL GROUP - PARTNERSHIP WILL FUND INITIAL ACQUISITION OF IAP AND POST ASSET SALES
• CHARTER HALL - AGREED TO ACQUIRE IAP'S FUNDS MANAGEMENT BUSINESS FOR A$5.0 MILLION, ASSOCIATED CO-INVESTMENT STAKES FOR A$22.5 MILLION
• CHARTER HALL GROUP - PURSUANT TO MOU INTO WITH 360 CAPITAL PARTNERSHIP AGREED TO SELL 3 IAP PROPERTIES TO 360 CAPITAL FOR A$256.7 MILLION