Property is in the limelight as Dexus makes a bold, multi-billion dollar bid for the Commonwealth Bank’s listed office landlord with some help from a Canadian pension fund. The hostile offer may yet need a boost, with the Commonwealth showing little interest thus far. Elsewhere, the OzForex float may kickstart an IPO boom, Nine Entertainment mulls a buyout of Microsoft’s stake in Mi9, Westpac readies for ACCC scrutiny of its Lloyds deal and the owner of Boost Juice considers a sale or float.
Dexus, Commonwealth Property Office Fund, GPT
A mammoth property deal is brewing, with ASX-listed Dexus – in conjunction with the Canada Pension Plan Investment Board – making a play for the Commonwealth Property Office Fund.