Property For Industry merger with Direct Property Fund is fair, advisers say

Wed, 22 May 2013

By Tina Morrison May 22 (BusinessDesk) - Property For Industry's proposed merger with Direct Property Fund to create an $800 million industrial property empire is fair, according to independent appraisals released today. Independent directors of both companies today recommended the plan to shareholders after it gained the tick of approval from independent experts Deloitte and PwC. Shares in Property For Industry dropped 0.7 percent $1.33, having gained 9.8 percent so far this year. The merger would create the fifth largest listed property gr...

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