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Invesco in due diligence on Chevron deal

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 was The Australian Financial Review’s explainer editor.
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