As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...
(Reuters) -Australia's Mirvac Group said on Wednesday it would buy land lease operator Serenitas from Singapore's sovereign wealth fund GIC for A$1.01 billion ($642.76 million) along with Pacific Equity Partners Secure Assets (PEP) and Tasman Capital Partners. Serenitas will operate as a joint venture following the acquisition, with Mirvac and PEP holding 47.5% stakes each, while Tasman Capital Partners will own the remaining stake.
Key Insights Institutions' substantial holdings in Mirvac Group implies that they have significant influence over the...