DataRoom AM: Determined Dexus

Dexus lobs a counterbid to GPT's play for CPA, while Woodside's Leviathan project may finally get the go-ahead.

There’s plenty of action in the real estate sector, with a 20 per cent block trade in Australand proceeding as planned and Dexus Property Group staring down a stalemate with GPT Group for control of the Commonwealth Property Office Fund. A stalemate is not really an option for either party, which means something is likely to give soon.

Elsewhere, Woodside Petroleum may soon finalise an entry into the mammoth Leviathan gas field, BHP Billiton continues to mull opportunities for non-core divestments and more details emerge about a few big December floats.

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