Morgan Stanley seeks buyer for Investa Property Group holdings

Morgan Stanley seeks buyer for Investa Property Group holdings
Jonathan ChancellorFebruary 18, 2015

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.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
Tags:
Reits

Editor's Picks

First look exclusive: Polycell files Sandpiper redevelopment plans after owner buyout
Inside Melbourne's new nature-based neighbourhoods
First look: Stockwell files for new Vulture Street, West End apartment tower
From Broadbeach to Main Beach: Why local downsizers are making the move to Drew Group’s Lagoon Main Beach
SMA Projects makes downsizing easier at The Regent Fitzroy with ‘Settle When You've Sold’ initiative