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| Multiplex Capital encourages investor appetite Multiplex Capital announced the capital raising for Multiplex Acumen Prime Property Fund closed oversubscribed following strong demand from retail investors. The Fund, with a portfolio of assets valued at $640 million, had sought to raise equity of 169.1 million, with Multiplex Property Trust (MPT) holding 30% of the issued equity. Given the level of oversubscriptions received, MPT has agreed to reduce its holding to circa 24%. Investors in the Fund are expected to benefit from the solid performing Australian office markets through a portfolio of A-grade CBD office assets in Sydney and Melbourne. Each of the four properties have highly desirable investment characteristics, strong underlying cash flows underpinned by Government and major corporate tenants and an outstanding lease expiry profile. write your comments about the article :: © 2006 Construction News :: home page |