News and Announcements
Austock’s Agrees to Sell its Property Funds Management Business to Folkestone
- Published July 09, 2012 4:49PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The acquisition of the Austock property business is consistent with Folkestone’s strategy to expand its funds management platform.
Mr Greg Paramor, Managing Director of Folkestone said, “We are delighted that the Austock Property team led by Nick Anagnostou will be joining Folkestone. The Austock Property team has an excellent reputation in managing property related social infrastructure funds, and we believe there will be further opportunities to expand our platform in this very important area.”
“We are committed to ensuring the combined management teams of Austock Property and Folkestone will continue to deliver on each Fund’s objectives and to manage each Fund in the best interests of unitholders” said Mr Paramor.
For more information on Folkestone, visit their website at http://folkestone.com.au/
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