This article is from the Australian Property Journal archive
AUSTRALIA’S $149 billion Future Fund rounded out 2018 with the $350 million sell-off of its share in a logistics fund co-owned with Dexus to British funds manager M&G Real Estate.
The Dexus Industrial Trust Australia had been established in 2014 between the two parties.
It includes the 25.64-hectare Quarrywest in Greysanes in western Sydney and two Brisbane sites.
M&G Real Estate had just picked up a 25% stake in Coca Cola Place in North Sydney for $109.5 million as part of its core Asia property strategy.
Meanwhile, the Future Fund offloaded a 25% interest in the Harbour Town Gold Coast outlet centre for $180 million late last year, while it is still marketing a half stake in Perth’s Lakeside Joondalup regional shopping centre that could net around $650 million.
Australian Property Journal
