Blackstone Group LP and Brookfield Asset Management Inc. are among bidders for $7 billion of Australian real estate being sold by Morgan Stanley’s Investa Property Group, people with knowledge of the matter said.

LaSalle Investment Management and China’s Fosun International Ltd. also submitted indicative offers by Tuesday’s deadline, the people said, asking not to be identified as the details are private. They will compete with Australian bidders that include Charter Hall Group, Cromwell Property Group and Dexus Property Group, they said.