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Property manager, sovereign wealth fund enter JVBY ALLY SELBY | MONDAY, 6 APR 2020 11:50AM
A $33.8 billion Australian property manager has acquired a 50% stake in a Collins Street skyscraper, forking out $644 million as part of a joint venture with a sovereign wealth fund.
Read more: Dexus, GIC, Rialto Towers, Melbourne, Dexus Australian Logistics Trust, CBD, Darren Steinberg, Singapore
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The Queensland-headquartered asset manager has appointed a general manager for capital solutions, and an investment director in its state investments team.
New York based ARP Investments has entered the Australian market through a partnership with Axius Partners.
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million.
The International Monetary Fund has predicted global public debt will rise to its highest levels in history as a result of the economic fallout from the COVID-19 pandemic.
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