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  • URW sells up, five properties total more than $10.5M
  • EGM called for HPI, to be held 14 April 2021
  • CHC and ABP consortium purchase AOF property in Brisbane

It’s the end of the week and the end of a market that saw berries and Brisbane dominate headlines, dominate because little else was happening.

For news earlier in the week, see our mid-week wrap up here.

Vitalharvest (ASX: VTH) was the big story, announcing that Macquarie Agricultural Fund (MAFM) responded to Roc Private Equity Limited’s offer of a takeover at $1.08. Macquarie equalled the Roc offer, Vitalharvest announcing that “engagement of Roc has ceased”.

Australian Unity Office Fund (ASX: AOF), Charter Hall Group (ASX: CHC), and Abacus Group (ASX: ABP) all announced the changing of hands for 241 Adelaide St in Brisbane, the property leaving AOF, and heading to a consortium made up of Charter Hall and Abacus. The property is home to the prestigious Brisbane Club.

An extraordinary meeting was called for 14 April 2021 by Hotel Property Investments (ASX: HPI). The meeting is of shareholders and unitholders, to be held “concurrently” at 10:30 am Melbourne time. The meeting is to ratify the prior issue of stapled securities.

Lendlease (ASX: LLC) released its fund payment notice, stating that the components of the distribution totalled 2.27 cents per unit, the amount subject to withholding tax. The fund payment was stated as 1.389 cents per unit, Australian interest income at 0.882 cents per unit.

US Masters Residential Property Fund (ASX: URF) announced a fund and net asset value update to the market, stating NAV before tax is “estimated to be $0.64” per unit. This figure is noted by URF as “unaudited”. The company also closed on five properties, URF stating the properties fetched a total of $10,555,100.

That’s all for the markets this week.

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