Growthpoint Properties Australia has completed the acquisition of 100% of the shares in Fortius Funds Management Pty Ltd boosting the listed REITs Funds under Management by $1.9bn.
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Growthpoint Properties Australia will acquire the Fortius Funds Management business in a $45m transaction which will add $1.9bn of funds under management to Growthpoint.
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Long-serving specialist real estate investor, Fortius Funds Management in partnership with PGIM Real Estate, has confirmed their acquisition of 307 Queen Street in Brisbane CBD for $214.48 million from LaSalle Investment Management.
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