James Hardie portfolio to be sold

Canadian firm Brookfiled Asset Management plans to sell key parts of Multiplex Group's property trust, which includes the James Hardie portfolio, which Multiplex bought in 2004 for $87.27 million. The largest asset in the portfolio is a 21-hectare site at Rosehill, which includes six hectares of industrial development land and which is on Multiplex's books at $88.6 million