Macquarie Group Limited (ASX:MQG)is known to be interested in acquiring residential arm of Mirvac Group (ASX:MGR) and is looking for an Asian partner. Macquarie is believed to have a Chinese partner in its sights for the acquisition. There are rumors that Mirvac was considering a spin-off of its residential arm.

Some believe Mirvac intends to divest only about 50%. JPMorgan and Lazard are known to be Mirvac's advisers. Fosun Capital is understood to be in discussions with Mirvac.

The residential development arm could be worth about AUD 2 billion.