Call for listed property to establish new benchmarks
The listed property sector must come up with new benchmarks to assess property investments and the property managers that promote them, according to the managing director of the Centre of Investor Education (CIE) Frank Gullone.
Australian and international property analysts at the CIE Real Estate Conference said the industry needed to focus on the fee structures and governance issues concerning property investments, following the recent decline of the real estate sector.
Gullone added that investors were more cautious of the real estate investment trust sector following the downturn in real estate.
The structure of real estate investment trusts had become too complicated and had taken on too much risk searching for growth, Gullone said. Investors will want a more simple and lower risk model, he said.
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