The deal, which values Tamar at £53.6m or 38.25p a share, will see the two companies co-invest through a property vehicle set up called Lux Starlight.
TEIF shares closed up 5.7 per cent after the deal was announced to end the day at 37.53p. The offer is at a 7.7 per cent premium to the closing price on Friday night.
Top shareholders including
The Lux Starlight vehicle, which is being guided by corporate advisers from
TEIF, which is being advised by JP Morgan Cazenove on the deal, is currently in the process of selling down its assets holdings in order to return capital to shareholders.
M7 owns a number of assets in and around
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