08.07.2015 - Adia in the hunt for $6.7bn Australian property portfolio
The Abu Dhabi Investment Authority (Adia) is among the bidders for a US$6.7 billion Australian property portfolio. The sovereign wealth fund is understood to be bidding with Dexus Property Group for the real estate being sold by Morgan Stanley’s Investa Property Group. Adia declined to comment and Dexus was not immediately available. Blackstone Group and Brookfield Asset Management are also among the bidders, Bloomberg reported earlier citing unidentified people with knowledge of the matter. Other bidders include LaSalle Investment Management with China Investment Corporation and Cromwell Property Group with Redefine Properties...............................................Full Article: Source
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