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Billionaire seeks partner to finish $88b city

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Billionaire developer Maha Sinnathamby has appointed investment bank Moelis Australia to find a partner with deep pockets to complete Australia's largest master-planned city, Greater Springfield, near Brisbane.

Super funds, sovereign wealth funds, overseas pension funds and big Asian and local developers are all expected to feature in the global search, which will start over the coming months.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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