AMP investors wrest control of Pahari's GIF funds afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
AMP Capital mugged by reality as more staff leave
Jul 4, 2021 â 7.00pm
Save
Share
AMP Capital has suffered further resignations from its key senior infrastructure management team, undermining the companyâs attempt to remain in control of its $1.3 billion Community Infrastructure Fund.
AMP Capitalâs head of energy, Stasha Prnjatovic, blindsided the company with her resignation to join an offshore pension fund last week, days after the group spruiked her 13 yearsâ experience with CommIF as a message to investors who may be backing a move to shift control of the fund to rival suitor Plenary Group.
AMP Capital is attempting to sandbag moves to break up the groupâs assets under management.Â
AMP Capital warns of âconflicted, captiveâ Plenary
Jun 29, 2021 â 11.03am
Save
Share
AMP Capital has warned investors of âunmanageableâ conflicts of interest and being trapped in vehicles stuffed with âpoor performing greenfield and brownfield assetsâ if unitholders in its $1.3 billion Community Infrastructure Fund jump ship to suitor Plenary Group.
The move is an escalation of the tit-for-tat battle between AMP and Plenary as both organisations fight to control the Community Infrastructure Fund (CommIF), which is also being tilted at by two other rival investment managers, Morrison & Co and Palisade Investment Partners.
AMP Capital is attempting to sandbag moves to break up the groupâs assets under management.Â
ISPT puts Sydney and Brisbane offices on the market with $600m hopes
Share
Superannuation fund ISPT is looking to capitalise on strong international demand for Australian property investments by putting two office towers in Sydney and Brisbane up for sale with hopes of raising $600 million.
ISPT is taking advantage of a hot market and selling its office building at 100 Pacific Highway, North Sydney.
ISPT chief executive Darryl Browning confirmed that 100 Pacific Highway, North Sydney, and 100 Creek Street in central Brisbane will be coming to market in the next few weeks.
“We’re reweighting the portfolio and have some other big buildings coming online later in the year,” he said, referring to 405 Bourke Street, Melbourne, which it is developing in partnership with Brookfield Australia.