News: IOF Investa Office Fund updates on transfer of management rights of IOF

Feb 22 (Reuters) - Investa Office Fund (IOF) :

• Says ibc understands that icpf will not be acquiring the platform's stake in

  iof

• Says iom has indicated to the ibc that the transaction remains subject to

  certain conditions precedent

• Ibc has unanimously resolved to recommend that iof securityholders vote in

  favour of dexus proposal in absence of a superior proposal

• Says sale of the management of iof does not impact the dexus proposal

  timetable

• Notes announcement by Investa wholesale funds management that it entered

  binding agreement to purchase Investa Office management holdings

• Says acquisition will be made by a new company to be stapled to Investa

  commercial property fund

• Iom is managing the consent process with iof's lenders "
• Proposal from dexus to acquire all of the outstanding units in iof securities

  to be superior to all other options "