Its portfolio of logistics and office properties is believed to have scored the attention of Charter Hall and GPT, which are understood to be among the shortlisted bidders.
Fingers have pointed to ISPT as the logical third suitor.
Ascot’s portfolio of 24 industrial sites and four office properties is the second biggest to hit the block this year, behind Milestone.
Auctioneers Morgan Stanley and CBRE have run a quickfire process, with first bids only landing last week.
Elsewhere, under-siege retailer Myer and its bankers are testing the water for an “OnlineCo” joint venture or spin-off that could attract fresh investment; Australian private equity firm Advent Partners is set to buy a stake in virtual reality gaming company Zero Latency; Melbourne’s BMY Group has snapped up a secondary parcel of Klarna shares and Canaccord Genuity has poached Ord Minett’s Nick Burmester.
Under siege retailer Myer and its bankers are testing the waters for an ‘OnlineCo’ joint venture or spin-off, which could see a new strategic or financial investor take a stake in its $600 million a year online retail business.
Busy mid-market broker Canaccord Genuity has poached Ord Minnett’s head of institutional equities, and well-known Australian stockbroker, Nick Burmester.
You have received this email because you are subscribed to Street Talk First Look with the email address: [email protected]
