This article is from the Australian Property Journal archive
INDEPENDENT Equity Trustees has been appointed as custodian of the HomeCo Daily Needs REIT, which is seeking to raise up to $300 million in funding.
The trust currently holds assets valued at approximately $850 million and seed assets the Gregory Hills Town Centre in Sydney’s south west and Glenmore Park Town Centre near Penrith in NSW.
Structured finance and property senior manager Sten Silavecky said the appointment cements the company’s position as a major player in the property market.
Equity Trustees currently acts on behalf of property funds with a total of over $1.5 billion in assets in New South Wales, Victoria, Australian Capital Territory, South Australia, Queensland and New Zealand.
“In recent years we have seen increased demand for a range of property trust structures and in response Equity Trustees has built both its scale and expertise to assist some of the largest and most complex property trusts in the market,” Silavecky concluded.
