09.03.2011 - National Australia Bank buys 35pct stake in Area Property Partner
From Bloomberg: National Australia Bank Ltd., the nationís fourth-largest lender, bought a 35 percent stake in William Mackís Area Property Partners as the U.S. firm seeks funding to expand its global real estate investments. Mack, chairman of New York-based Area, and Lee Neibart, chief executive officer, will remain in charge of all investment decisions, the real estate fund manager said in a statement. Terms of the agreement werenít disclosed..............................................Full Article: Source
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