Private equity giant Kohlberg Kravis Roberts is understood to have bowed out of the competition to acquire the $2bn Moorebank logistics facility of Qube Holdings.It leaves heavyweight property investors to battle it out for the operation in the contest being advised by investment bank UBS.Dexus Property Group and ESR have been in the mix for the asset for some time, but DataRoom revealed last month that Charter Hall had entered the contest, while Blackstone and potentially Goodman Group are now in the final mix.
The Australia today. bids need to be in for end of Aug - $2B price tag, selling the whole of Morebank it seems.
QUB Price at posting:
$2.86 Sentiment: Hold Disclosure: Held
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