Colonial First State Property will acquire AXA’s Melbourne headquarters at 750 Collins Street through its Commonwealth Property Office Fund.
The move was today approved by unitholders of the Grocon Property Trust Australia, just a day after AXA Asia Pacific Holdings and AMP Limited announced they had completed due diligence on a proposed merger.
The settlement is due to be completed on 21 December, 2010. Details relating to the acquisition were announced to the Australian Securities Exchange as part of the ‘Strategic Melbourne portfolio acquisition’ on 11 November, according to Colonial First State.
