News: PWG Centuria Capital To Merge With Primewest, page-8

In today's The Aus Business:

Centuria Capital’s planned merger with West Australian real estate group Primewest may not be as much of a sure bet as some had thought, with sources suggesting that Growthpoint Properties Australia is still hanging around the hoop.

There has been talk in the market in recent weeks that South Africa-based Growthpoint has been considering making a rival offer in a quest to grow its business in Australia.

Centuria has not yet formally launched its offer for Primewest, so the chances are Growthpoint would first wait for that to happen before it made its move.