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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Sovereign wealth funds lured to Australian property

Posted on 30 August 2012

Sovereign pension funds are buying into Australian direct property developments, including the high-profile Barangaroo development, in a bid to grow members’ investments, with local fund managers also getting in on the act.
Just this month, the National Pension Service of Korea agreed to co-invest $360 million for 50 per cent ownership in 13 industrial properties in Australia with Dexus Property Group. The partnership could more than double in the next five years and fund further industrial property developments, Dexus said………………………………………..Full Article: Source


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