Sydney-based investor Stockland is keen to enter the UK and has launched a £170 mln (EUR 260 mln) takeover bid for AIM-listed property company Halladale. The Australian property group has made an offer of 225p per share, which represents a 33.9% premium to Halladale's closing share price on Tuesday.
Big pension funds, insurers and major asset managers intensified their investment activity in the week before Expo, with well over €2 bn of real estate changing hands.
