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There have been suggestions in recent months that David Di Pilla’s Home Consortium has been considering a tilt at GPT or Vicinity Centres. And its results on Thursday threw some weight behind the suggestion.
The talk is that Mr Di Pilla, a former UBS investment banker who is the managing director, has been in the market testing appetite from institutional investors about offering support for a buyout proposal for one of the groups.
The discussions are thought to have gone nowhere for now.
But the announcement this week of an office investment partnership between Singapore sovereign wealth fund GIC and the $NZ2.5bn ($2.3bn) developer Precinct Properties New Zealand shows a takeover by Home Co of GPT or Vicinity Centres is possible.
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