Nov 12 (Reuters) - Propertylink Group PLG.AX :
* AGREEMENT WITH ESR REAL ESTATE (AUSTRALIA) IN RELATION TO ESR'S PROPOSAL TO ACQUIRE ALL PROPERTYLINK SECURITIES
* ENTERED INTO A BINDING BID IMPLEMENTATION AGREEMENT (BIA) WITH ESR REAL ESTATE (AUSTRALIA) PTY LTD
* DEAL FOR $1.20 PER SECURITY
* BOARD UNANIMOUSLY RECOMMEND THAT PROPERTYLINK SECURITYHOLDERS ACCEPT OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL