Deals

Johns Lyng Group confirmed Wednesday it had received a takeover offer from Pacific Equity Partners for an undisclosed sum and has granted the private equity firm an exclusivity period to undergo due diligence.

Ashurst and King & Wood Mallesons are working behind the scenes on the proposed union of long-time partners Brickworks and investment house Washington H. Soul Pattinson, a merger that shows capital markets are ready to back big deals, one lead lawyer says.

Fletcher Building has confirmed it has received inquiries from prospective buyers of its businesses, including its construction division.

Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.

Multinational real estate services and investment giant CBRE will acquire privately-owned commercial real estate agency Burgess Rawson.

Property investment manager and developer Centennial has scooped up an A-grade office tower in Adelaide's Pirie Street precinct for $50.5 million.

The National Storage REIT will continue its partnership with Singaporean sovereign wealth fund GIC to invest in a second round of development assets, the ASX-listed trust said Wednesday.

The federal government has taken steps towards granting feasibility licenses for two offshore wind farm projects in Western Australia.

Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.

Investment house Washington H. Soul Pattinson has reached a merger agreement with building products and property company Brickworks to create a $14 billion powerhouse.