Leighton Holdings' $7 billion residential and real estate portfolio has drawn the attention of Stockland and Singapore's City Developments, The Australian Financial Review reports.
According to the newspaper, both companies have looked closely at the Leighton Properties business, for which bids are due on Thursday.
The process is being run by Bank of America-Merrill Lynch with estimates landing on a $500 million sale price.
The news comes just a day after Leighton unveiled a 20 per cent fall in first-half profit and said its strategic review into potential asset sales was progressing.
Leighton Properties' assets include Kings Square in Western Australia, 567 Collins Street in Melbourne and 177 Pacific Highway in Sydney, the AFR reports.
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Local property group vying with Singapore's City Developments for $7bn portfolio: report
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