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…
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