SYDNEY-Macquarie Group Ltd. is in discussions with Charter Hall Group to take over parts of its “real estate management portfolio,” according to the Wall Street Journal . The investment banks has been slowly moving away from many of its real estate assets over the last year and this move keeps in lock-step with that plan.

The negotiations include Macquarie Countrywide Trust and Macquarie Office Trust. The Australian-based bank has already sold a majority of its interest in Macquarie CountryWide-Regency II, LLC, a co-investment partnership with Regency Centers Corp., for approximately $1.3 billion. The trust comprises about 80% of MCW’s U.S. holdings. Global Retail Investors LLC purchased the fund.

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