WA’s Peet rumoured to be interested in buying FKP’s $320M subdivision portfolio

FKP has given itself two years to exit property development to concentrate 100% on retirement with care.

That may be achieved sooner than expected with WA developer Peet said to be in discussions over FKP’s residential subdivision portfolio worth $320M.

Peet also has been in retirement but pulled back post GFC. A sale would leave another $470M in offices and apartments for FKP to divest.