Business
Fed-up AMP Capital clients put $7b office fund in play – The Australian Financial Review
Some of AMP Capital’s blue chip institutional investors have strong-armed the manager into considering options for its $7 billion flagship Australian office property…
It comes as AMP Ltd, which owns AMP Capital in full, signed a non-binding heads of agreement with Americas Ares Investment Management, following its own portfolio review.
The proposed deal would see Ares take a 60 per cent stake in AMP Capitals private markets businesses, including its powerful infrastructure and real estate asset management arms. AMP Capital Wholesale Office Fund is a meaningful part of AMP Capitals real estate platform, and would transition to the new joint venture as part of…
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