Deep-pocketed US fund manager Blackstone has made an emphatic vote of confidence in Australian commercial real estate with a $3.1 billion bid to buy out Investa Office Fund, giving it a platform to make further inroads into the local market.
Blackstone's offer is the third takeover the listed office landlord has received in as many years and it looks the most likely to succeed so far after winning the backing of Investa's board.
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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
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
