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    Property

    Russel Chesler, Director, Investments & Portfolio Strategy

    With a 'lower for longer' interest rate environment, the pursuit of income for investors is now far more pronounced. While A-REITs have been popular for their consistent income over the years, their global counterparts G-REITs, which also offer relatively high income but with additional diversification benefits, have been overlooked. Access to these opportunities has been limited, until now.

    Property

    20 May 2019

    REIT: Extra! Extra!

    by Jamie Hannah, Vice President – Investments & Capital Markets

    REIT all about it! There is an abundance of listed real estate investment opportunities beyond Australian shores. Australian REITs comprise just 3% of a total of ~$1.8 trillion in listed real estate assets – by just investing locally you are missing out on the likes of Vonovia (Germany’s largest residential property developer) and Prologis (the largest industrial REIT in the world).

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    Property

    23 April 2019

    MVA: No second tax shock for A-REIT investors

    by Jamie Hannah, Vice President – Investments & Capital Markets

    When Unibail-Rodamco took over Westfield Australian investors were surprised that they would be hit with a French 0.3% transaction tax on any new purchases of Unibail shares on ASX.  Things have gotten worse.  

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    Property

    31 May 2018

    Au revoir Westfield

    by Jamie Hannah, Vice President

    With Unibail-Rodamco’s $32 billion takeover complete, Westfield security holders will shortly receive a combination of cash and stapled securities in the new French-owned group

    As the new securities are not shares in an A-REIT, but CDIs (CHESS Depository Interests) in a foreign entity, they will have different tax and performance characteristics compared to A-REIT securities.

    Investors looking to maintain diversified A-REIT exposure for income, without over-exposure to the retail sector should consider MVA.

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    Property

    26 June 2014

    May the Force be with you

    by Brad Livingstone-Foggo, Head of Marketing - Australia

    In 1959 two Hungarian immigrants pioneered retail shopping in Australia. Frank Lowy, a small goods retailer and John Saunders, a one-time milk bar owner, raised capital to construct a shopping centre at Blacktown in the western suburbs of Sydney. It was a huge risk but ultimately they raised enough money to create Westfield Investments Pty Ltd...

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