News: IAP 360 Capital Says 360 Capital FM And Charter Hall Group Have Entered Into Memorandum Of...

Jan 31 (Reuters) - 360 Capital:

• 360 CAPITAL FM AND CHARTER HALL GROUP HAVE ENTERED INTO A MEMORANDUM OF UNDERSTANDING
• TO ACQUIRE IRONGATE FUNDS MANAGEMENT BUSINESS FOR A$5.0 MILLION & ALL OF CO-INVESTMENT STAKES IN MANAGED FUNDS FOR A$22.5 MILLION
• TO PURCHASE A PORTFOLIO OF 3 MODERN OFFICE BUILDINGS IN IAP TOTALLING APPROXIMATELY A$254.0 MILLION
• TO ACQUIRE 50% SHARE IN 100 WILLIS STREET, WELLINGTON NZ FOR A$82.0 MILLION
• CHARTER HALL TO ACQUIRE ALL IRONGATE STAPLED SECURITIES FOR AN ALL-CASH CONSIDERATION OF A$1.90 PER IAP STAPLED SECURITY