Dexus today announced that it has secured global investment manager M&G Real Estate as a new investor on its funds management platform, purchasing Future Fund’s 50% interest in the Dexus Industrial Partnership (“Partnership”).
M&G Real Estate has £31.7 billion of assets under management and nine offices across Europe and Asia.
The Partnership was established in June 2014 and seeded with a prime industrial development opportunity in Quarrywest, Greystanes. Since its establishment, Dexus has delivered a return in excess of the Partnership’s target.
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