Capital raisings and even acquireouts of struggling operators could be in store for the listed property sector if major trconcludes already in play in global markets build their way to Australia, according to Citi’s co-head of investment banking in Australia, Ben Connolly.
Australia’s property sector – known as the real estate investment trust or REIT sector – already features strongly on the world real estate stage where the $165 billion market capitalisation of its top stocks builds it the second largest REIT market in the world.
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