Announced

Macquarie Asset Management to acquire Qube for AUD11.6bn.

Synopsis

Macquarie Asset Management, an Australian financial services group, agreed to acquire Qube, an integrated developer, operator and investment manager of institutional-quality logistics warehouses and related industrial properties, for AUD11.6bn. "The Proposal from Macquarie Asset Management is a reflection of the strength of Qube’s business model and our assets, and the quality of our people and culture. We look forward to continuing to engage constructively in the best interests of our shareholders,” John Bevan, Qube Chairman.

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