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Pension funds and sovereign and high net worth private investors would be buyers of commercial real estate in the coming year as they direct cash from sharemarket s.
Funding will take the place of real estate investment trusts (REITS), which remained short of money and focus on share buybacks as they try to narrow the gap between the price of their security and the value of their assets.
Gandel family based in Melbourne has appointed Macquarie Group’s former Director of Kylie Rampa as its chief executive, with an agenda to expand assets.