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Investa Property Group is getting ready to re-emerge in the listed Australian real estate investment trust sector running the ING Office Fund (ASX:IOF) but it is facing a late challenge from a rival proposal. That’s according to the Australian Financial Review.
In an ASX announcement the Board of ING Management confirmed it is in discussions concerning the future management of the Fund and yesterday requested a trading halt. An announcement is expected before market opening on Monday 28th March.
In the half year to 31 December 2010, ING Office Fund posted a net profit of $126 million.
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