Famed property developer Tim Gurner has taken time away from taunting tradies. Street Talk understands the Gurner Group founder is in discussions with Roberts Co, the Sydney-based building contractor founded by Rich Lister Andrew Roberts.
A merger between the two would create a dominant property management company and help to derisk Gurner, sources said, which is exposed to the ups and downs of the commercial property market and construction debt. The Gurner Group is now run by high-profile executive and ex-Latitude Financial chief Ahmed Fahour.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
