25.11.2013 - Australian property trust CPA ditches Dexus deal, open for better offer
Australian real estate trust Commonwealth Property Office Fund (CPA) has terminated a deal with Dexus Property Group and a Canadian pension fund, after receiving a higher takeover offer from property investor The GPT Group. The A$2.99 billion ($2.81 billion) takeover bid from GPT, whose biggest shareholder is Singaporean sovereign wealth fund GIC Private Limited, has gate-crashed the deal with Dexus and Canada Pension Plan Investment, as foreign investors bet on the upward trend in Australia's office property sector...............................................Full Article: Source
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