Fund manager Charter Hall and superannuation fund Hostplus have raised their takeover offer for pub landlord Hotel Property Investments by 5.5 per cent – from $3.65 to $3.85 per unit – and declared it “best and final”.
The new offer values HPI, which owns a $1.3 billion portfolio of 59 venues leased to Queensland Venue Company – a joint venture between Coles Group and Australian Venue Co – at $757 million.
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