King & Wood Mallesons (KWM) advises DEXUS in acquiring the stapled securities in the Investa Office Fund.

DEXUS, Australia’s biggest listed office landlord, has secured the deal through entry into a implementation agreement under which stapled securityholders would receive 0.4240 DEXUS Securities and $0.8229 cash per each security if the proposal is approved at a meeting of members expected to be in March 2016.

The KWM team was led by partner Susan Hilliard, supported by senior associates Daniel Natale, Amanda Isouard and Miriam Kleiner.

Commenting on the deal, KWM partner Susan Hilliard said, “We’re delighted to support longstanding client DEXUS in relation to the deal, which will, if successful result in a ccombined entity with $23.5 billion of assets under management.”

The mergers and acquisition play bolsters DEXUS’ assets under management.

Earlier this year, KWM acted on DEXUS Property Group’s A$400 million institutional placement for a non-underwritten security purchase plan for eligible security holders in Australia and New Zealand.