In September 2018, Propertylink Group (ASX: PLG) announced a non-binding and indicative proposal to acquire all of the outstanding units in Centuria Industrial REIT (ASX: CIP), a proposal which was rejected by the target company.

In the following months, Propertylink Group itself became subject to a takeover from ESR Real Estate, a Singapore headquartered REIT. This acquisition was successfully completed on March 13, 2019.

Morrow Sodali Australia served as advisor and proxy solicitor for both transactions.

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