Speculation bubbles around potential float of Domain

Speculation bubbles around potential float of Domain. Credit Suisse analyst Fraser McLeish and his team believe Fairfax Media will float star property division Domain Group, although they do not expect a deal imminently... There has long been speculation that Fairfax will spin-off Domain to unlock value. Rival News Corp Australia owns 61.6 per cent of REA Group, operator of realestate.com.au, which has been one of the best-performing stocks on the ASX over the past five years. Fairfax management has said there are no plans for a Domain float... Street Talk revealed Domain had appointed Jones Lang LaSalle to assist in its search for new office space, with a request for information sent out to a range of landlords and commercial real estate agents late last year. Domain will move out of Fairfax's Pyrmont office due to headcount growth. The news came after a string of events that have added to speculation that Domain could be preparing for a float in coming years. (paywall) (VIEW LINK)


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