Cromwell Targets ING Office Takeover, Financial Review Reports

Cromwell Property Group has contacted ING Office Fund (IOF) investors to discuss bidding for their units, the Australian Financial Review reported, without saying where it got the information. The move comes days before a planned takeover of the management of the fund by Investa Property Group, the newspaper said. Shares of ING Office Fund, which has a market value of A$1.57 billion, were halted in Sydney on March 24 pending an announcement.

To contact the reporter on this story: Sarah McDonald in Sydney at smcdonald23@bloomberg.net

To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net

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