Mirvac Group (ASX:MGR) is considering a bid to take over Lendlease's (ASX:LLC) AU$10 billion Australian prime property funds (APPF), according to a Wednesday report by The Australian.
The potential takeover comes amid growing dissatisfaction among key superannuation investors, who are exploring alternatives to Lendlease's management, the report said.
Other property managers may also compete for parts of the APPF platform, raising the prospect of a possible breakup of the fund, the report added.
The company and Lendlease did not immediately respond to a request for comment by MT Newswires.
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