Australian investors prefer global over local REITs

04/2/2009 | Financial Standard (Australia), The

Global property trusts may be the leading edge of a recovery in the real estate sector in Australia. Local investors have been cautiously investing in global property trusts, opting for those vehicles over Australian REITs. "What we've seen over the last three years is [super funds] increasingly transitioning their AREIT exposure cross to global REITs," said Mick O'Brien, chief executive of Invesco Australia.

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Financial Standard (Australia), The

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