realtyup: Australia's Investa Property Group Plans IPO or Takeover
- 07/31/10 07:20 AM
Already holding $7.9 billion of managed assets, Investa Property Group officials say they want to increase that amount shortly. The Sydney-based company, owned by Morgan Stanley since 2007, says it is considering an initial public offering or a takeover of a public company trading at a discount.Investa is raising capital for its unlisted wholesale fund to buy quality office assets in the Australian market which is set for a significant recovery, Investa CEO Scott MacDonald told Reuters. Scott MacDonald "We intend to go public when the timing is right;" MacDonald said "There will come a point in the distant future where … (0 comments)
Already holding $7.9 billion of managed assets, Investa Property Group officials say they want to increase that amount shortly. The Sydney-based company, owned by Morgan Stanley since 2007, says it is considering an initial public offering or a takeover of a public company trading at a discount.Investa is raising capital for its unlisted wholesale fund to buy quality office assets in the Australian market which is set for a significant recovery, Investa CEO Scott MacDonald told Reuters. Scott MacDonald;)
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