HomeCo ramps up funds management Property group Home Consortium is stepping up efforts to become a funds manager capitalising on daily shopping and medical needs.
Business by Ben Wilmot
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Subscriber only Property group Home Consortium, once known for converting former Masters stores into shopping outlets, is stepping up efforts to become a funds manager capitalising on daily shopping and medical needs. The company spun off a supermarket owning trust last year and when releasing its half year results on Wednesday flagged that it hopes to eventually grow its medical fund holdings to $2bn. To get there it will spin off a trust of medical and government assets that could amount to about $500m, with HomeCo running a dual track process that could see either a float or an unlisted fund being created.
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