This article is from the Australian Property Journal archive
INVESTORS in ING Real Estate Healthcare Fund have voted overwhelming to changed the responsible entity to APN Funds Management.
Over 97% of unitholders approved the change to replace ING Management Limited.
The new responsible entity of IHF will be APNFM, a wholly owned subsidiary of APN Property Group.
IML chairman Michael Coleman said the IML Board believes the appointment of APNFM as RE for IHF has put in place an experienced fund manager who is closely aligned with the long-term strategy of the fund.
IHF CEO Miles Wentworth said it was a positive outcome.
APN’s Group managing director David Blight was delighted with the outcome and said he looked forward to working with IHF’s senior management.
“The completion of this transaction will enhance APN’s established funds management platform, grow funds under management by approximately $200 million,” he added.
Australian Property Journal
