Business
AMP Capital property fund investors vote to join Dexus – The Australian Financial Review
Nearly 93 per cent of the vote at a unitholder meeting on Tuesday backed the proposal to merge the AMP Capital-run fund with the $10 billion Dexus Wholesale Property…
Dexus proposal was recommended by the funds independent board chaired by Ming Long. The company itself will also face the challenge of funding a large pool of redemption requests.
It has earmarked $2.1 billion series of assets for sale including stakes in trophy malls such as Indooroopilly in Brisbane and committed another $400 million in liquidity by acquiring units in other AMP Capital-run funds that are held by ADPF.
The independent board committee, its independent external advisers and the funds…
-
Noosa News5 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News12 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
General11 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News11 hours agoDetectives continue to search for answers on Crystal Beale’s death