Allens is advising Singapore-based real estate group Frasers Centrepoint Ltd. on its $2.4 billion bid for Australia’s Australand Property Group.

The June 4 offer by Frasers, which is controlled by Thai billionaire Charoen Sirivadhanabhakdi, was higher than the $2.35 billion bid a week earlier by Sydney-based Stockland Corp. Ltd. The two companies are vying for an investment portfolio that includes 68 properties in Sydney, Melbourne, Perth, Adelaide and Southeast Queensland.