Boutique investment manager BlackWall Property Funds has lifted its 2014 interim profit significantly after it collected a healthy performance fee from a maturing fund on its platform.
The Sydney-based manager has also boosted guidance for its full year after-tax profit outlook to between $4 million and $4.6 million.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
