There’s been a battle brewing in Australia’s property sector all week and it’s about to come to a head.
Rothschild collected second-round bids for lifestyle communities owner and developer Halcyon on Friday, and has spent the past seven days chasing the various bidders to tie up loose ends.
It’s at the stage where it is due to appoint one of the bidders for a final round of exclusive talks – and basically hand them the keys to Halcyon.
There’s a pair of ASX-listed players still in the race, while other private money types appear to have dropped back.
The mobile game developer was kicked off the exchange last year with an $80 million market capitalisation for not complying with listing rules. Now it’s a unicorn.
