MFS confirms Centro proposal
Diversified financial services group, MFS Limited has confirmed to the Australian Stock Exchange today that it has made a specific proposal to become the independent responsible entity for 35 unlisted closed in Centro property syndicates.
MFS said that it had made the announcement in light of general market speculation and media reporting and said that it had made “a specific proposal to a range of Centro entities for an MFS entity to become the independent Responsible Entity only of approximately 35 unlisted closed end property syndicates”.
The company said that it had on a number of occasions previously taken such an appointment as a new Responsible Entity in similar circumstances.
It said that the proposal only related to a potential role as independent Responsible Entity and did not relate to any real estate acquisitions from the Centro Group.
MFS declined to comment further on its proposal.
AUTHOR
Mike Taylor
Recommended for you
The director of Ascent Investment and Coaching, Michael Dunjey, has been charged with 33 criminal offences.
Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of practices overall seeing a revenue decline.
The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.
There have been strong numbers of returning advisers this year so far, according to Wealth Data, already surpassing the same period for 2024.
