Australia : Macarthurcook Industrial Property Fund (ASX:MIF) sells asset to reduce debt.Byline: Mamta03 MacarthurCook Industrial Property Fund (ASX ASX See: Australian Stock Exchange :MIF (1) (Maker Interchange Format) An alternate file format for a FrameMaker document. A MIF file is ASCII text, which can be created in another program and imported into FrameMaker. ) sells its investment in an Asian industrial property security to reduce debt and focus on opportunities in Australia Australia (ôstrāl`yə), smallest continent, between the Indian and Pacific oceans. With the island state of Tasmania to the south, the continent makes up the Commonwealth of Australia, a federal parliamentary state (2005 est. pop. . Real estate investment trust MacarthurCook Industrial Property Fund (ASX:MIF) says it has sold its investment in an Asian industrial property security in order to reduce debt and focus on industrial property investment opportunities in Australia. The fund sold 22 million units in the MacarthurCook Industrial Real Estate Investment Trust, which is an industrial real estate investment trust listed on the Singapore Exchange “SGX” redirects here. For other uses, see SGX (disambiguation). Singapore Exchange Limited SGX: S68 (SGX) is the stock exchange in Singapore. SGX was formed on December 1 1999, following the merger of two established and well-respected financial , for around $6.7 million. The proceeds from the sale will be used to reduce debt in the fund to approximately $63.3 million or 48 per cent of total assets. Head of Real Estate for MacarthurCook Russell Bullen says the sale provides benefits for existing investors and increases the attractiveness of the fund to new investors by having lower debt and pure exposure to Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. direct industrial property. MacarthurCook Industrial Property Fund posted a $40 million loss in 2009. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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