TPG wants $600m for Ingham property

Private equity firm TPG, the owner of Ingham Enterprises, reportedly wants more than $600 million to sell and leaseback of two big property portfolios.

The Australian Financial Review reports that TPG, which picked up the famous Ingham family brand a year ago for $880 million, has chosen the sale-lease back option rather than floating the company.

There was speculation late last year that a sharemarket listing could generate up to $1 billion for TPG, though structures and details were not ironed out.