Harry Triguboff is weighing the divestment of half of his property empire to Chinese interests, according to The Australian Financial Review.
Mr Triguboff received an offer for his flagship company Meriton Apartments a couple of weeks ago and while he originally showed muted interest in the proposal, he appears to be coming round to its merits.
“I am thinking I could sell part of [Meriton],” Mr Triguboff told the AFR.
“It is very early stages, but I could be prepared to sell the development part of the business and then the family could continue to collect the rent on the units I already own. Maybe I could retire soon and they could run the investment business.”
A deal would likely reap over $3 billion, with Mr Triguboff adding that job security for Meriton employees would be a key factor in a final decision.