Latest Breaking News On - Kylie oconnor - Page 8 : comparemela.com

Dexus triumphs in control of managing AMP Capital fund

Dexus triumphs in control of managing AMP Capital fund We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Dexus has triumphed in its bid to wrest control of the $5.4 billion wholesale property managed by AMP Capital, leaving the parent AMP business wounded. The deal will enable Dexus Wholesale Property Fund to own interests in some of the most sought-after trophy assets across the country, including the $2 billion Quay Quarter Tower in Sydney’s Circular Quay and Westfield Warringah Mall shopping centre on the northern beaches. At an investor meeting on Tuesday, AMP investors voted overwhelming in favour of the merger plan which began last year when Dexus first put a non-binding indicative proposal to the AMP Capital Diversified Property Fund’s (ADPF) investors.

Dexus wins bid for AMP Capital property fund

Dexus wins bid for AMP Capital property fund  27 April 2021 The investors for a $5 billion AMP Capital property fund have voted to dump its manager and merge with a Dexus wholesale fund, following its initial offer last year. AMP Capital acknowledged the outcome for the AMP Capital Diversified Property Fund (ADPF) on Tuesday afternoon, which will see it consolidate with the Dexus Wholesale Property Fund.  Real estate investment company Dexus will gain control of ADPF’s approximate $5 billion in assets under management, including a 50 per cent stake in the Quay Quarter Tower, a number of Westfield shopping centres, as well as other industrial sites. 

AMP Capital's Boe Pahari entitled to $50m exit payment

Save Share AMP Capital’s controversial infrastructure equity boss, Boe Pahari, could be entitled to pocket at least $50 million as the price of his amicable exit from the company. Although the wealth-management giant has been tight-lipped about the financial terms of Pahari’s exit – an AMP spokesman declined to comment on Sunday – AMP insiders estimate he could earn $50 million. Boe Pahari will depart AMP Capital, leaving the business without one of its big rainmakers.   David Rowe This will partly reflect the termination payments and accumulated bonuses Pahari will be entitled to receive for his premature exit. (He earned a bonus of about $6.5 million in calendar 2020.)

AMP spiralling out of control

New president named at Property Council of Australia