Babcock moots Japanese property fund
(31 January 2005 – Australia/Japan) Sydney based investment and advisory firm Babcock & Brown is exploring the idea of managing an ASX listed Japanese real estate fund.
The firm said no decision had been reached but that it intended establishing a number of managed investment vehicles to complement its core investment and advisory practices.
Babcock, which successfully listed on the ASX last October, is currently running the idea past potential investors. It noted in its IPO prospectus that it was considering launching a diversified property investment product.
Earlier this year, Babcock announced it was planning real estate transactions in Europe amounting to A$1.1 billion. Part of this included the purchase of a retail and office development in Prague for A$178 million.
Babcock, which successfully listed on the ASX last October, is currently running the idea past potential investors. It noted in its IPO prospectus that it was considering launching a diversified property investment product.
Earlier this year, Babcock announced it was planning real estate transactions in Europe amounting to A$1.1 billion. Part of this included the purchase of a retail and office development in Prague for A$178 million.
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