The slow-moving dance to merge infrastructure heavyweight IFM Investors with property platform ISPT – to create an investment management behemoth run by industry funds with near $240 billion of assets – has entered the final round, with a decision expected by mid-November.
Talks between the two industry fund-owned platforms have inched forward steadily since they were first revealed in June by The Australian Financial Review. But crunch time is finally looming after IFM lobbed a non-binding initial offer to its smaller peer.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
