- Investa Property Group is Australia's 3rd-largest owner of downtown office buildings with about a A$9B portfolio, and Morgan Stanley (NYSE:MS) put the operation up for sale earlier this year.
- Among the more than 20 bidders for Investa were Blackstone and Brookfield Asset Management, but the winner is China Investment Corporation. No price was disclosed, but Reuters reports Investa fetched more than A$3B.
- Previously: Blackstone, Brookfield reportedly among bidders for billions in Aussie real estate (April 21)