Good evening,

Two of today’s deals are all about shopping.

The first involves Sydney’s Centennial Property Group, which is putting together a $650 million fund to buy under-utilised industrial assets.

Centennial wants to spruce them up to multi-level warehouse and logistics sites, servicing (in part) online shopping fulfilment.

KKR’s real estate unit likes the idea, and is understood to have written a sizeable cheque for the Centennial fund.

The second is women’s fashion brand Aje, which is mulling its options, including whether a listing would make sense.

Aje is known for its $600 dresses and $100 exercise shorts, and has stores in four continents. It is now auditioning bankers, although Morgan Stanley is understood to be close to the company.

Elsewhere, Street Talk reveals that IPO hopeful Openmarkets is hammering out a merger with its listed client, SelfWealth; the ACT’s largest scaffolding company is up for sale; and digital bank Mynted is tapping investors for $35 million to get up and running.

Happy reading,

Yolanda Redrup, Sarah Thompson and Kanika Sood
Street Talk Editors