CBA's listed property funds play down sale talk THE Commonwealth Bank's listed property funds have hosed down speculation that they are in play after Goldman Sachs and UBS were appointed to review the businesses. Management for both the listed CFS Retail and Commonwealth Property Office Fund issued statements today in response to the ongoing speculation about the future of the companies that could include a change in their management. No approach or proposal had been received that would support speculation of potential changes to the ownership of the companies, a spokeswoman for the funds' management said. The funds sit within the property arm of the Commonwealth Bank of Australia subsidiary, Colonial First State Global Asset Management. CFSGAM Property includes wholesale property funds as well as the $5.7 billion CFS Retail, which owns shopping centres like the $814m Chatswood Chase on Sydney's north shore and a half-share in Melbourne's $3.2bn Chadstone Shopping Centre and the $2.5bn listed Commonwealth Property Office Fund, which owns office towers in major cities. There had been speculation that groups including Brookfield and the GPT Group had approached the Commonwealth Bank about an acquisition of its property interests. Among groups named as possible buyers were also Charter Hall and Dexus Property Group. It is understood CFSGAM and the bank have appointed UBS and Goldman Sachs as advisers to weigh up an internalisation of the funds, a sale or keeping the status quo