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Access here alternative investment news about ​m&g Real Estate Buys Future Fund's 50% Stake In Dexus Industrial Partnership | News | Ipe Ra
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​m&g Real Estate Buys Future Fund's 50% Stake In Dexus Industrial Partnership | News | Ipe Ra

by realassets.ipe.com posted 4weeks ago 26 views
A source said M&G’s investment is priced in line with the December 2018 valuations. : M&G Real Estate has acquired Australia’s sovereign wealth fund’s 50% stake in the Dexus Industrial Partnership for an undisclosed sum. Dexus and the Future Fund formed the partnership in 2014 to own a portfolio of industrial properties. The portfolio comprises an estate at Quarrywest in Greystanes in Sydney’s west and two Brisbane properties. A source told IPE Real Assets that Dexus had a value of AUD167m (€103.7m), as of 30 June 2018, on its book for its half share of the portfolio.