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Private equity's global property players have as much as $US300 billion ($359.99 billion) to spend on a "Down Under" shopping spree and giants such as Lend Lease and Multiplex could be the targets, analysts say.
In a report, Merrill Lynch said there could be $US104 billion ($124.80 billion) in the coffers of property private equity firms committed, but not yet spent, for Australian takeover or merger targets.
"Assuming a 65 per cent cent gearing, this can mean almost $US300 billion ($359.99 billion) buying power,'' Merrill Lynch said.
The report comes a week after a $4.7 billion bid for property company Investa by the US-based Morgan Stanley Real Estate.
The bid has prompted expectations that strings of other takeover attempts for Australian property groups by offshore giants could be in the wind.
Merrill Lynch said that based on its ratings, Colonial First State's ret...
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