VENTURE CAPITAL POST

Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.

Dexus Property Group said it will not accept the the AUD 1.27 a share offer from the GPT Group for the Commonwealth Property Office Fund of the Commonwealth Bank of Australia.

Dexus would be managing one fourth of commercial buildings in Sydney upon the takeover by CCPIB of the office trust held by the Commonwealth Bank of Australia.