Becton launches property trust
Melbourne-based property group Becton has recently launched a new property trust and taken “another logical step in its strategy to develop, syndicate and manage institutional grade property assets and sophisticated financing vehicles”.
The Becton Canberra Trust will be fully underwritten and managed by Becton Investment Management, and is based on the group’s investment in flagship Canberra office building, 44 Sydney Avenue.
Last month, Becton launched the first retail mezzanine fund aimed at the self-managed superannuation (SMSF) fund market, though at the time the group’s general manager fund management, David Hinde, denied the fund was designed to take advantage of strong investor interest in the sector.
Hinde says The Becton Canberra Trust brings Becton’s funds under management to well over $200 million in just over three years.
According to Hinde, the minimum investment in the Becton Canberra Trust is $20,000.
AUTHOR
Mike Taylor
Recommended for you
Real estate debt provider DWS has appointed Matthias Naumann as chief investment officer for real estate for Asia-Pacific.
Former Pendal manager Vimal Gor has returned to bonds as head of fixed income and multi-asset at Ellerston Capital, just months after joining a crypto advisory firm.
Principal Asset Management has made its Finisterre Emerging Markets Debt Total Return strategy available to wholesale and institutional investors in Australia.
ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes.
