Finalisation Announcement 1. INTRODUCTION On 26 February 2021, the independent directors of RDI REIT P.L.C. ( RDI REIT ) and the board of SOF-12 Cambridge BidCo Limited ( Bidco ) announced that they had agreed the terms of a recommended cash offer to be made by Bidco for the entire issued and to be issued share capital of RDI REIT, other than RDI REIT Shares already owned or controlled by Starwood Funds or their affiliates (the Acquisition ) to be implemented by way of a court sanctioned scheme of arrangement under Chapter 2 of Part X of the Isle of Man Companies Act 2006 (the Scheme ). The circular in relation to the Scheme (the Scheme Document ) was published on 25 March 2021.
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Magna Seating s new Novi, Mich. headquarters fetches pandemic-era high for office building
Kirk Pinho
CoStar Group Inc.
The Magna Seating headquarters in Novi opened in 2017 on 11.7 acres of land east of M-5 and north of 13 Mile Road. It has about 180,000 square feet.
Magna International Inc. s new seating division headquarters in Novi, Mich. sold last month for a pandemic-era high price for a single office building in Metro Detroit during the COVID-19 pandemic.
The 180,000-square-foot building sold to Norfolk, Va.-based Harbor Group International LLC for $58 million, or $322.22 per square foot, according to CoStar Group Inc., a Washington, D.C.-based real estate information service. The property also sits on 11.7 acres east of M-5 and north of 13 Mile Road.
Magna Seating s new Novi headquarters fetches pandemic-era high for office building
180,000-square-foot building on Cabot Drive housed 450 employees when it opened
Building sits on 11.7 acres of land east of M-5, north of 13 Mile Road
CoStar Group Inc.
The Magna Seating headquarters in Novi opened in 2017 on 11.7 acres of land east of M-5 and north of 13 Mile Road. It has about 180,000 square feet.
Magna International Inc. s new seating division headquarters in Novi sold last month for a pandemic-era high price for a single office building in Metro Detroit during the COVID-19 pandemic.
The 180,000-square-foot building sold to Norfolk, Va.-based Harbor Group International LLC for $58 million, or $322.22 per square foot, according to CoStar Group Inc., a Washington, D.C.-based real estate information service. The property also sits on 11.7 acres east of M-5 and north of 13 Mile Road.
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