This article is from the Australian Property Journal archive
AUSTRALAND Property Group is set to be reclassified by Standard & Poors as a diversified REIT instead of a real estate development company.
The GICS reclassification may lead to Australand being included in the S&P/ASX 200 A-REIT and S&P/ASX 300 A-REIT Indices.
“We are pleased with the reclassification of the Group as a Diversified REIT by Standard and Poors as this reflects the strategic direction of the Group as announced earlier in the year,” Australand’s managing director Bob Johnston said.
Australian Property Journal
