ANZ acquires Rabinov
ANZ Banking Group has announced that it will acquire the remaining 50 per cent interest in ANZ Rabinov Property Management (ARPML), making it the sole shareholder in the company.
ANZ head of property for alternative assets Stuart Nisbett said they were pleased to now be 100 per cent owners of ARPML.
“We will work with the management team to ensure that the trust is in the best position to capture future opportunities and value for all unit holders.”
The chairman of the ARPML board, Lloyd O’Harte, said: “The directors of ARPML would like to acknowledge the contribution of Ezriel Rabinowicz in establishing and building the trust and wishes to express their deepest sympathy to the Rabinowicz family at Mr Rabinowicz’s recent passing.”
ARPML is the manager of the ANZ Rabinov Property Trust, whilst ANZ Specialist Asset Management acts as the responsible entity for the trust.
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