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Showing 191 - 200 of 774 results for "Property Fund"

ASIC suspends RE licence

KARREN VERGARA  |  MONDAY, 8 FEB 2021
... been suspended for six weeks, effective January 15. IEL is the responsible entity of Investors Exchange Fund, a property fund, and Investors Exchange Investment Fund, a mortgage fund. It previously operated Dean Capital Property Trust No. 1. IEL failed ...

Investa buys $800m property from Macquarie

ELIZA BAVIN  |  FRIDAY, 22 JAN 2021
The Investa Commercial Property Fund (ICPF) has entered a 50/50 joint venture with international financial services group Manulife to acquire an office building in Sydney from Macquarie for $800 million. Investa and Manulife have acquired the right ...

Investec to close Aussie business

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
The South African wealth manager and banking group is exiting the Australian market after 20 years. The company said the move is not a reflection of performance of the Australian business or employees, but a "strategic exit" to focus on its core markets ...

Best managed funds, ETFs named

STAFF WRITER  |  FRIDAY, 4 DEC 2020
... to 11.8%), three (21.48% p.a. to 14.04% p.a.). Aussie equities winners In unlisted managed funds, the best listed property fund was Pendal Property Securities Fund (-16.56% for the year and 6.39% p.a. over five years), followed by UBS Property Securities ...

AMP Capital drops fees on listed property fund

KANIKA SOOD  |  FRIDAY, 27 NOV 2020
AMP Capital has dropped the management fee its $126 million Listed Property Trusts Fund by 18 bps. The fund, which invests in REITs and stocks of real estate related sectors, is dropping from 0.97% per year in management fees to 0.79% per year. The ...

Elanor sells mall for $130m

KARREN VERGARA  |  THURSDAY, 19 NOV 2020
The Elanor Retail Property Fund (ERF) has sold a retail property for $129.5 million to SCA Property Group, which is nearly double of its purchase price from five years ago. ERF sold 100% of its interest in Auburn Central, a shopping mall in Western ...

Centuria acquires property for healthcare fund

ANNABELLE DICKSON  |  WEDNESDAY, 4 NOV 2020
... Centre in Victoria and the $5.6 million Hobart Day Surgery in Tasmania for the newly launched Centuria Healthcare Property Fund. The assets add to the initial portfolio worth over $155 million with the fund also contracted to acquire the $12.7 million ...

360 Capital moves to acquire Evans Dixon

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... personal financial product advice it provided retail investors to invest in the troubled US Masters Residential Property Fund (URF). Evans Dixon is facing a number of other challenges. Alan Dixon, who was the chief executive until June last year, initially ...

Invesco winds down fund

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
Invesco is winding down a listed property fund for wholesale investors as it fails to achieve scale. The Invesco Wholesale Global Property Securities Fund - Hedged had $62 million in assets at September end via two share classes, started in 2001 and ...

IAPF to acquire management rights for $40m

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
The Investec Australia Property Fund (IAPF) is looking to internalise its management function by acquiring the rights from its parent firm Investec for $40 million. The fund is asking unitholders to vote in favour of the acquisition so it can internalise ...