The $1.3 billion MA Financial Group is in advanced discussions to acquire real estate investment firm IP Generation, which owns $2 billion worth of shopping malls ranging from David Jones’ iconic Melbourne CBD location to Merimbula Square on NSW’s far south coast.
Street Talk can reveal MA co-CEO Julian Biggins spearheaded negotiations with IP Generation’s owners, led by founder Chris Lock, who previously headed the Liberman family-backed Impact Investment Group. As this column reported at the time, Lock parted ways with Impact in 2017.
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