Good evening,

There’s another big real estate deal looming. It looks like Singaporean investor GIC is in late-stage talks for its 49 per cent stake in the Dexus Australian Logistics Trust, which owns a $3.5 billion portfolio of warehouses and business parks mostly in Victoria and NSW.

Sources said GIC had identified a buyer and agreed on an eye-watering $1.7 billion-odd price. However, the mooted transaction needed to pass pre-emption rights and other regulatory approvals before the parties could sign on the dotted line.

Elsewhere, Washington H Soul Pattinson’s copper miner and listing candidate Round Oak Metals is understood to be kicking off cornerstone talks on Monday, with its float to be priced in the $300 million to $400 million range; Ord Minnett has mailed out flyers for privately owned Davidson Group; mining tech company Plotlogic is kicking off a funding round, raising up to $27 million; and Regal Funds Management has raised a new $90 million long/short resources fund.

Happy reading,

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Street Talk editors