MOF 1.75% 28.0¢ macquarie office trust

is this true??

  1. 2,133 Posts.
    I came across this old news dated 30/6/09

    "...there are rumours that Macquarie Office Fund may be close to selling its 80 per cent interest in two US office towers for $US545 million"

    Below are the buildings that MOF got 80% interest in

    1/One California Plaza, Los Angeles( US$260mil in 01/06)
    2/Quintana, Irvine (US$120.8 million -Jan 06)
    3/Cerritos Corporate Center, Cerritos (US$80.8 mil Jan 06)
    4/Stadium Gateway, Anaheim (US$55.1 mil May 05/Jan06)
    5/San Diego Tech Center, Sorrento Mesa (US$146.4 mil Jan06)
    6/Wells Fargo Center, Denver (US$284.0 mil Jan 06)
    7/One & Three Christina Center, Wilmington(US$90.2 mil Dec 03)

    Looking at the purchase prices, building 1 & 6 are the most likely as their combine cost is 260+284= 544 for a break even? as profit is unlikely.

    One Cali Plaza has been on the market for sale
    http://online.wsj.com/article/SB124157224020290105.html



    any thoughts??

 
watchlist Created with Sketch. Add MOF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.