BREAKFAST DEALS: Deserted Australand

GPT Group's about-face has left Australand high and dry, while the worst of Sundance's investment woes appear to be over.

GPT Group has pulled up stumps – it won’t be doing a deal with Australand Property Group. Where to now for Australand and major shareholder CapitaLand? Sundance Resources had some better news yesterday and the share price responded. Meanwhile, KordaMentha is in some deals news in relation to Becton Property Group and Gunns Limited, and Peet makes preparations to assert itself over developer CIC Australia.

Australand Property Group, GPT Group

Australand Property Group shares are likely to take a spill this morning after its only declared suitor pulled out just minutes after the market closed.


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