This article is from the Australian Property Journal archive
EG has confirmed an agreement with Link REIT that will see the local funds manager provide asset management and acquisition strategy services to the Hong Kong-based investor.
Link REIT is looking to grow its presence across international markets including the UK, Japan, Singapore and Australia. It last year completed its $683 million acquisition of the A grade 100 Market Street office tower above Westfield in the Sydney CBD, as well as its purchase of 25 Cabot Square in London’s Canary Wharf.
The partners have been speculated to be vying for the $3.5 billion Milestone Logistics Group industrial portfolio from Blackstone.
The venture will be headed by Chris Pak, who has just joined EG as it set about pursuing new opportunities with domestic and offshore investors.
EG said it would assist in managing Link REIT’s investments in Australia, providing asset management services to its tenants and customers, and take an active role managing the strategic approach to Australian acquisitions on behalf of investor.
EG itself is investing $4.3 billion under management on behalf of super funds and private wealth clients.
