Oct 16 (Reuters) - Propertylink Group PLG.AX :
* UPDATES ON ESR PROPOSAL AND ENTRY INTO PROCESS DEED
* UNANIMOUSLY RECOMMEND THAT PROPERTYLINK SECURITYHOLDERS ACCEPT ESR'S TAKEOVER BID THAT IS EXPECTED TO ARISE FROM REVISED PROPOSAL
* ESR HAS REVISED PROPOSAL CONSIDERATION TO $1.201 PER PROPERTYLINK SECURITY IN CASH
* DECIDED NOT TO PROCEED WITH NON-BINDING, INDICATIVE PROPOSAL TO ACQUIRE CENTURIA INDUSTRIAL REIT