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Australia's Dexus, AMP Capital to merge property fund

· 03/15/2021 18:51
Australia's Dexus, AMP Capital to merge property fund

- Australian real estate developer Dexus DXS.AX said on Tuesday it had struck a deal to merge one of its funds with a A$5 billion ($3.88 billion) diversified real estate investment fund run by AMP Capital AMP.AX.

The company said unit holders of its A$10.1 billion Dexus Wholesale Property Fund and the AMP Capital Diversified Property Fund were expected to vote on the merger in late April. nASX885GlX


($1 = 1.2900 Australian dollars)


(Reporting by Shashwat Awasthi in Bengaluru; Editing by Leslie Adler)

((Shashwat.Awasthi@thomsonreuters.com))