cnp syndicates gearing ratio misleading, page-24

Warnie, you say:

"CNP just may be able to convince some of the lenders to take up an equity position in the most sort after properties for a reduction in the debt now owning."

Banks are in the business of lending money - not owning real estate, it is as simple as that.
No bank would want funds tied up in a real estate asset which they may be forced to hold on their balance sheet for an indefinite period of time, and the valuation of which is at the mercy of the markets.