Dexus Property Group has lodged a formal offer with joint partner Canada Pension Plan Investment Board, for the Commonwealth Property Office Fund (CPA), valued...

Dexus Property Group has lodged a formal offer with joint partner Canada Pension Plan Investment Board, for the Commonwealth Property Office Fund (CPA), valued about $3.8 billion. The offer is for $1.20.5 a unit for CPA with an equity component in Dexus. A process of due diligence will now take place so CPPIB can view the CPA assets. Dexus will emerge as the largest office landlord in the country, with a single, 26 per cent share of the Sydney high-grade office market. Read more: (VIEW LINK)