Trust Company looks to region
Trustee specialist, the Trust Company has flagged its ability to further extend its presence in the south-east Asia region.
The company pointed out this week that it was Australia's only trustee with licences to operate as a trustee in Australia, New Zealand and Singapore, and this capability existed at a time of continuing strong demand for trustee services across the region.
Reflecting the company's reach, it had acted as the SREIT Trustee for last week's initial public offering (IPO) of the Ascendas Hospitality Trust in Singapore.
Commenting on the transaction, the Trust Company executive general manager corporate client services David Grbin said the Ascendas Group had more than 2,300 clients in 33 cities across 10 countries and managed a total portfolio of property assets worth S$12.9 billion across the region.
"The successful launch of this IPO demonstrates the strength of Ascendas in identifying and packaging property opportunities for investors, and bringing these opportunities to the market," he said.
Grbin said the Trust Company opened its Singapore office in 2006 - something which had proved a sound business investment and had uniquely positioned the company to act as trustee across the region.
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