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Korea Fund, Valad Bidding for Stockland Tower, Australian Says

May 13 (Bloomberg) -- South Korea’s national pension fund, Sydney-based Valad Property Group and Queensland fund manager Cromwell Group are among those bidding for a A$250 million half stake in Stockland’s Waterfront Place office tower in Brisbane, the Australian newspaper reported, citing industry sources.

Link to Company News:{CMW AU <Equity> CN <GO>} Link to Company News:{VPG AU <Equity> CN <GO>}

To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net

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