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Invesco in due diligence on Chevron deal

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US funds giant Invesco has begun due diligence to invest in a half stake in the $800 million headquarters of resources giant Chevron in Perth, having emerged as the preferred buyer on the deal.

Competition for a stake in the yet-to-be built 29-storey tower has been fierce  since Brookfield kicked off its recent sales campaign to find a joint investor for the development.

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Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
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

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    Original URL: https://www.afr.com/property/commercial/invesco-in-due-diligence-on-chevron-deal-20190520-p51p8t