Property CEOs vulnerable to takeover by flood of private capital

Michael Bleby, Larry Schlesinger and Martin Kelly

Dec 1, 2021 – 10.56am

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Listed property company chief executives admit they are vulnerable to being taken out by a flood of global money that is hunting for returns in the low-rate environment.

Four chief executives representing about $44 billion in market value of real estate investment trusts agreed that underperforming assets are at risk of being taken private by super funds and other capital managers.

Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne.

Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom.

Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments.