360 Capital REIT (ASX:TOT) signed an agreement to acquire 9.18% stake in Irongate Group (JSE:IAP) from Investec Bank Limited (JSE:INLP) for AUD 78.6 million January 29, 2021. Under the terms, 360 Capital acquired 56.2 million units at AUD 1.4 per unit. Separately, TOT has agreed terms to become a major equity partner in an unlisted real estate funds management platform (subject to completion of due diligence) with settlement expected prior to February 26, 2021.

360 Capital REIT (ASX:TOT) completed the acquisition of 9.18% stake in Irongate Group (JSE:IAP) from Investec Bank Limited (JSE:INLP) January 29, 2021.