This article is from the Australian Property Journal archive
PROPERTY management company Wentworth has bought a 19.9% in the ASX listed strata management company Vesture Limited.
Vesture manages approximately 27,000 strata units.
Executive director Charles Tarbey said the investment is the first step for Wentworth to expand on its skill base in property management services by diversifying its sector exposure beyond pure property (rent roll) management.
The investment has been made from Wentworth’s existing cash resources. Vesture has invited a Wentworth representative to join their board.
Australian Property Journal
