CYRE Trilogy claims win on Brisbane Property Syndicate
The sale of an industrial allotment on Brisbane's south-side has seen property fund manager CYRE Trilogy produce an additional 12.7 per cent gain for investors in its Brisbane Property Syndicate.
The company announced this week that the result had been "crystallised" with the sale of the property, which had been the syndicate's single asset.
CYRE Trilogy director Peter Arnold said the syndicate was one of only a few in recent times that had managed to maintain a distribution each year and produce a capital gain on completion, rather than freeze its assets.
"We are delighted to have achieved this substantial return for our investors in what has been a difficult market," he said.
CYRE Trilogy took over the management rights to the Brisbane Property Syndicate and a number of other syndicates from APGF Management Limited in response to what it said were investor concerns in May.
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