Local property trusts could receive a bounce if the Westfield takeover by Unibail-Rodamco goes ahead as expected next week, and then cash from the deal flows back into the market.
Momentum for the merger is building after Unibail-Rodamco shareholders voted for the $32 billion deal in a meeting at the Hôtel Salomon de Rothschild in Paris on Thursday.
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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
