BWP Trust (ASX:BWP) made an offer to acquire Newmark Property REIT (ASX:NPR) on January 24, 2024. The Merger Proposal is for an all-scrip transaction, under which NPR security holders will receive 0.4 BWP units for every 1.0 NPR security. As of March 21, 2024 BWP is announced that the Offer is now unconditional.

BWP has engaged Highbury Partnership as financial adviser and Corrs Chambers Westgarth as legal adviser. NPR has engaged Morgan Stanley Australia Limited as its financial adviser and Herbert Smith Freehills as its legal adviser.