Rich lister Harry Triguboff is locked in talks with a Chinese-based suitor over the potential sale of his Meriton property empire, Bloomberg has reported.
Meriton, the nation’s largest homebuilder, has been in discussions with various Asian-based property developers this year over a potential sale, but it appears negotiations have recently turned serious with one prospective buyer.
“It’s of great interest for me to sell,” Mr Triguboff told Bloomberg, adding he met with the suitor last week.
“I showed them my valuation, they’re looking at their valuation; that’s what we’re doing now.”
Mr Triguboff, who has previously valued the business at over $6 billion, said he would only offload Meriton in its entirety, with a partial sale ruled out.
The identity of the suitor is not known, though China Vanke, Greenland and Country Garden have previously been linked to a deal.