Based on market feedback, GPA limited today provided an update on the sale of the Collimate the capital national infrastructure actions and real estate activities for Dexus Fund Management Ltd. (Dexus) and the sale of the international infrastructure investment business to DigitalBridge Group, Inc. (DigitalBridge).
As required by sales contracts, AMP continues to work closely with Dexus and DigitalBridge ensure the smooth transition of the business, including the transfer of legal entities, business assets, systems and applicable employees, which will ensure the stability of customers, employees and partners.
Based on substantial progress to date, both transactions remain on track to close in 2H 2022:
For sale at Dexuscompletion is currently scheduled for the end of September 2022; and
For sale at DigitalBridgecompletion is currently expected by the end of November 2022.
Both transactions continue to progress towards the satisfaction of the relevant conditions precedent described in the respective sale announcements of April 27, 2022 and April 28, 2022.
The result of the unitholders’ next vote on the management of the AMP Capital Wholesale Office Fund (AWOF) will not affect the expected completion of the sale to Dexus. AMP believes it and Dexus presented a compelling proposition to customers, and that the combined platform of AMP Capital and Dexus represents the best outcome for AWOF and its unitholders, bringing together the combined experience of both groups to deliver a superior outcome for investors.
Cleared for publication by the Market Disclosure Committee.