Peet interested in FKP's $320m portfolio FKP Property Group has been in talks about a potential deal with the Peet Group to buy some or all of its $320 million land and residential subdivision property portfolio, according to sources. However, it is understood that the two groups were unable to agree on price. Peet recently bought rival developer CIC Australia and sources have suggested that offshore groups could also show interest in FKP assets. The move by FKP comes as it opts to concentrate on the retirement space and sell down its $790m of non-core properties, which also include offices and apartments. Among one of the group's more valuable communities is The Rochedale Estates in Brisbane. The group is believed to be asking more than $100m for a sale. But sources say there has not been a transaction in Queensland above that price for some time, and the company is being overly optimistic. Others on offer are its Peregian Springs and Coolum Ridges on the Sunshine Coast and its Saltwater Coast development at Point Cook in Victoria. FKP owns retirement interests in three structures -- FKP Property Group, the smaller listed Forest Place Group and the Retirement VIllage Group, which it manages on behalf of wholesale investors. It is understood that attempts to tidy up the structure have not yet gained the full support of all investors. FKP's recently appointed chief executive, Geoff Grady, last month wrote $187m off the value of FKP's portfolio, more than half of which related to its non-core properties. FKP's residential and apartment arm made a net profit of $30m for the 2013 financial year, and achieved 242 lot sales. FKP declined to comment. Meanwhile, it is believed that real estate agent Savills has been appointed to sell some of Stockland's non-core developments on the Sunshine Coast. They are believed to include the Doonella Noosa community and its Oceanside Kawana development at central Kawana, between Caloundra and Maroochydore.