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FRAMEWORK AGREEMENT FOR THE PROPOSED ACQUISITION BY SAIZEN REIT OF INDUSTRIAL PROPERTIES IN AUSTRALIA (THE "PROPOSAL")
August 15th, 2016
  • Filed
    August 15th, 2016

Unitholders and potential investors are advised to exercise caution in the dealing or trading of their units in Saizen REIT (as defined below) as there is only a Proposal and there is no certainty and assurance as at the date of this announcement that the Definitive Agreements (as defined below) will be entered into, the terms and conditions of the proposed Properties Acquisition (as defined below) will not differ from the Proposal set out in the Framework Agreement (as defined below), or that the proposed Properties Acquisition will be undertaken at all. NOW THAT THE FRAMEWORK AGREEMENT HAS BEEN SIGNED, PARTIES WILL ENTER INTO NEGOTIATIONS TO FINALISE THE TERMS OF THE DEFINITIVE AGREEMENTS TO BE SIGNED AT A LATER DATE, AND WILL CONDUCT THE NECESSARY DUE DILIGENCE AND APPOINT THE NECESSARY INDEPENDENT VALUERS TO ENSURE THAT THE PROPERTIES ARE SUITABLE FOR INCLUSION IN THE ASSET PORTFOLIO OF SAIZEN REIT.

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