After many false starts, the once-venerable property group’s latest chief faces an uphill task convincing investors he can turn around the troubled business.
Superannuation fund UniSuper has taken a 50% stake in a portfolio of industrial and logistics assets across Sydney and Melbourne in a deal worth around A$ 560 million. UniSuper takes over the position in the A$1.1 billion Australian Industrial Partnership that had been held by South Korea’s National Pension Service. UniSuper acquired half ownership in…
After a tough 18 months, property fund managers say real estate investment trusts will bounce back once interest rates reach their peak and inflation eases.
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