Morgan Stanley seeks buyer for Investa Property Group holdings
Morgan Stanley Real Estate, the US giant, has commenced a formal process around its holding in Investa Property Group (IPT).
Cbus Property and the Chinese group Fosan have been tipped as among global and domestic property management businesses keen to buy the Morgan Stanley fund's assets.
Neither Investa Office Fund (IOF) nor Investa Commercial Property Fund (ICPF) will participate in any sales process of IPT to avoid perceived conflicts of interest.
The IOF does have certain pre-emptive rights over the management platform.
The assets includes Sydney CBD interests at 126 Phillip Street, 225 George Street, and 400 George Street, and 120 Collins Street in Melbourne.
Macquarie Capital and Fort Street Advisers are acting for the responsible entity of the IOF.
