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| 07/07/2010 | AMP in Deal for Orchard Asset
AMP Capital Investors has reaffirmed its plans to push into Asian property markets.
The group is focusing on the mature markets of Singapore and Japan.
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| 21/05/2010 | China eco-city deal clinched: eco-tourism city
SYDNEY-BASED Australian-Chinese entrepreneur George Wang has secured an agreement with the Tianjin municipal government to develop a $700 million "eco-tourism city" in a staged development in China.
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| 13/05/2010 | John Snowden plans China push
JOHN Snowden is looking to China to grow the offshore funds of AIMS Financial Group.Mr Snowden is the newly appointed global property securities head at the Sydney-based group.
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| 13/05/2010 | Us Group's deal a launch pad into Asia
HRPT’s bid for an Australian property fund will be the American company’s initial expansion into the growth it sees in the Asia Pacific region.
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| 28/04/2010 | AIMS: A Good Way in Acquisition During The Financial Crisis
When most international institutional investors’ confidence has been dented by the spread of the global financial crisis, there are two successive acquisitions in Australia shocked the entire capital market. The first one was one of the three major Australian stock exchanges changed hands. The other one was listed property fund management company MacarthurCook----an enterprise ranked by the Australian magazine “Business Week" as the fastest growing businesses for four consecutive year --- had been coercively took over. Unveiling the mysteries of these two acquisitions, a large Australian financial group controlled by Chinese gets attention from the world.
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| 03/12/2009 | Tianjin to emerge as the 'Wall Street' of Beijing
SYDNEY - China's third largest city, Tianjin, has been annointed to spearhead China's development of tertiary industries notably logistics, shipping and financial services. As one of only four cities with a direct reporting channel to the Beijing leadership, Tianjin has been chosen as the third growth hub for China.
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| 25/11/2009 | MI-Reit moves ahead with its plans
With the dust finally settling after the tumultuous past few weeks, the folks behind MacarthurCook Industrial Reit (MI-Reit) are understandably keen to leave the past behind them.
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| 25/11/2009 | MI-REIT gets its way after sound and fury
MacarthurCook Industrial Reit (MI-REIT) hired pistol-toting security guards to keep the peace at an acrimonious meeting of unitholders yesterday – but other than the customary dash for the buffet line, no violence broke out.
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| 23/11/2009 | MacarthurCook Industrial REIT Requests NAB Disclosures-Filing
Singapore-listed MacarthurCook Industrial REIT Ltd. (BU5U.SG) has requested two National Australia Bank Ltd. (NAB.AU) investment managers disclose whether they used information gained from the bank in its capacity as a financier and equity adviser to the REIT to help Cambridge Industrial Trust Ltd. (J91U.SG) launch a hostile takeover bid for the REIT's management earlier this month.
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| 23/11/2009 | MAS blocks bid by CIT to manage MI-Reit
THE battle for control of MacArthurCook Industrial Reit (MI-Reit) appears to be over after the Monetary Authority of Singapore (MAS) blocked a rival from managing MI-Reit because of a potential conflict of interest.
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| 23/11/2009 | Battle of the REITs: CIT squares up to MI-REIT
Just when it thought it had bridged a S$300m (US$216m) funding gap and ensured its survival, MacarthurCook Industrial REIT faces the prospect that its proposed recapitalisation plan could be derailed by a rival trust.However, it emerged late last week that this was not possible for regulatory reasons. A spokesman from the Monetary Authority of Singapore said: “REIT managers are required to conduct their business in such a manner as to avoid conflicts of interests. This would include any potential conflicts arising from the competing interests of unitholders in different REITs.”
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| 23/11/2009 | Can this man Save MI-REIT?
Investors are baulking at MacathurCook Industrial REIT's turnaround plan. George Wang wants to win them over before they vote on Monday. Cover story tells you how the China-born entrepreneur plans to get the troubled REIT growing again.
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| 23/11/2009 | Did Cambridge Industrial Trust look before it leaped?
It is becoming increasingly apparent that Cambridge industrial Trust (CIT) made a grave miscalculation in its pursuit of its rival, MacarthurCook Industrial REIT (Ml-REIT). On Nov 6, CIT spent some $10 million to acquire a 9.78% stake in MI-REIT, triggering speculation in the market that it was preparing for some kind of merger or acquisition that would significantly increase its size and heft. Ml-REIT had announced a recapitalisation plan that same day, which had its own shareholders up in arms because of the massive dilution they would suffer. So, it seemed entirely possible that CIT might succeed in winning widespread support from MI-REIT investors if it came up with a more palatable alternative for them.
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| 11/11/2009 | MI-Reit signs AMP Capital as co-sponsor, seeks new capital
MacarthurCook Industrial Reit raises $155.5 million in new capital, including a $15.8 million investment by AMP and a $111 million rights issue. Separately, AMP Capital hires Anthony Fasso to head its international business.
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