King & Wood Mallesons is advising DEXUS Property Group in connection with their proposed merger with Investa Office Fund via an informal trust scheme.

DEXUS, Australia's biggest listed office landlord, has offered 0.424 of its securities and approximately 82c in cash for each IOF security, implying an offer of $4.11 per security.

The KWM team is 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 merger proposed, which will, if successful result in a combined entity with $23.4 billion of assets under management.”

The proposal is subject to a number of conditions including, due diligence, the parties entering into a binding Merger and Implementation Agreement and IOF unitholders voting in favour of the Proposal.