Max says way is clear for Industrious acquisition

UK real estate firm Max Property is set to complete its acquisition of the portfolio of the failed Industrious Group in the UK for £232 mln (about EUR 265 mln) on schedule. AIM-listed Max said in a statement on Wednesday that a legal claim issued in the High Court which threatened to disrupt the transaction had now been aborted.

The completion of the acquisition of the 706,000 m² portfolio is scheduled to occur on 7 October.