Finance / China
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AMP Announces US$15bn New Asian Property Fund
June 2008 | IPO News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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AMP Capital Investors, the private equity arm of Australian financial corporation AMP Ltd, announced on June 23 that it plans to increase its long-term investments in the Asian property market to US$15.5bn. It will begin the process by doubling the US$230.77mn of industrial property assets that it already has in Singapore. AMP will also look to buy real estate investments groups, investment trusts or property developers in Singapore, China and Japan.