Investa listing atracts international attention
The sale of Investa Property Group by Morgan Stanley Real Estate Funds is attracting international buyer interest.
The Australian Financial Review's Street Talk column advised interest has come from Mitsubishi Estate of Japan and Singapore's City Developments Ltd (CDL).
The early line-up of potential bidders for Investa included Blackstone with Ivanhoe Cambridge, as revealed by Street Talk, Fosun from China and LaSalle Investment Management.
On the local front Cbus has already expressed interest in the opportunity to secure a stake in 13 towers worth at least $2.3 billion.