IT MAY have been a sparse few years for deal-makers in investment banking but the new year has got off to a quick start now the Singaporean government has formally put its controlling stake in Australand on the block.
Almost a month ago GPT went public with a bid to buy key assets out of Australand after earlier private approaches failed. GPT wanted to buy Australand's property portfolio along with its commercial and industrial assets, which between them account for about 80 per cent of Australand's assets. Full story
