News: CPA shareholders approve buyout

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DEXUS Property Group's (ASX:DXS) acquisition of Commonwealth Property Office Fund (ASX:CPA) is complete after Dexus’ cash and scrip offer received over 70% approvals from CPA shareholders.



Dexus took a controlling interest in the business property real estate investment trust on the 7th of February. The group had previously been approached by Property investor GPT Group (ASX:GPT) who abandoned a buyout attempt. Commonwealth Property Office Fund will be removed from the ASX at the close of trade on Friday, 21st February.



In the 2013 financial year, Commonwealth Property Office Fund reported a net profit of $145.4 million.