Stock in Germany’s Alstria Office REIT jumped by a fifth on Thursday, as details of a planned takeover by asset manager Brookfield emerged.
The company – shares in which have a euro-denominated London listing – rose to €19.66, in line with Brookfield’s €19.50 offer.
Alstria said today that its management and supervisory board “welcome Brookfield’s offer and believe that the transaction is in the interest of the company”.
In the FTSE 100, British Land was among the session’s biggest gainers, up by 3.3% to a month-plus high of 509.6p.
The sharpest real estate fall was posted by online estate agency Purplebricks, plummeting by 37% to an all-time low of 33p on a poorly received trading update.
The FTSE 100 finished at 7,279, up by 0.4%. The FTSE 250 rose 1.5% to 23,471.
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