Australian REITs look ready for acquisitions-CBRE

Australian property trusts and companies have raised nearly A$9 billion ($7.2 billion) of equity this year to bolster balance sheets against falling asset values and to pay off debt, but some of the proceeds will be also used to chase distressed assets, according to the CBRE fund manager.

"Some of the companies that have raised equity more recently have clearly delivered the message to the market that they are going to be in an acquisition mode in the not too distant future," co-chief investment officer Steve Carroll told a teleconference.