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Future Fund Continues To Sell Australian Shopping Centres | News | Ipe Ra

by realassets.ipe.com posted 7months ago 32 views
Sovereign wealth fund disposes of stake in Lakeside Joondulap. : The AUD149bn Future Fund is disposing of its 50% stake in Lakeside Joondalup, a prime regional shopping centre in Perth, and has just sold its 25% stake in Watertown Brand Outlet (formerly Harbour Town) on Queensland’s Gold Coast. The two assets are jointly owned with the Lendlease-managed Australian Prime Property Fund Retail (APPF Retail). Future Fund and APPF Retail acquired the two shopping centres from the ING Retail Fund in 2010 for AUD475m.

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