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AMP Capital tips rush to the office as work from home gloss fades

Fees down, governance up as AMP Capital defends CommIF

Fees down, governance up as AMP Capital defends CommIF Jul 14, 2021 – 11.40am Share AMP Capital is slashing management fees in its Community Infrastructure Fund to match an offer from competing management suitor Plenary Group and installing further governance controls at the $1.4 billion vehicle. AMP Capital will cut management fees by up to 32 per cent over the next 12 months, moderating to an up to 15 per cent reduction after the special one-year discount applies, in a bid to retain the Community Infrastructure Fund (CommIF) that is the subject of three competing takeover offers. AMP Capital is fighting to retain the $1.4 billion Community Infrastructure Fund. 

UniSuper-AMP Capital partnership to deliver $1b in retail development

AMP Capital has announced it has been on track to deliver close to $1 billion in retail development on behalf of UniSuper with a successful completion of $142 million Marrickville Metro.

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.)