Waltus merges Australasin groups
The Waltus Property Investment Group has merged its trans-Tasman operations to become a major player in Australasia’s property syndication business with assets of more than $600 million under management.
The Waltus Property Investment Group has merged its trans-Tasman operations to become a major player in Australasia’s property syndication business with assets of more than $600 million under management.
Chief executive officer of the merged group in Australia, Glenn Eather, says the merged entity will maximise Waltus’ leadership position in a competitive market.
“The business has the size and economies of scale to become a significant player on behalf of investors in the industry sector,” he says.
“Our expansion is timely given the current volatility on share markets, as property syndicates provide a stable alternative investment vehicle with above average returns.”
Waltus began operating in 1986 and has managed more than 55 syndicates in Australia and New Zealand. It is currently marketing its fifth investment syndicate in Australia and will launch a sixth syndicate in May.
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