Fund manager, Real Estate Capital Partners USA Property Trust , has hit back strongly at the latest bid by corporate raider Darren Olney-Fraser to take over its management.
The protracted battle over the beleaguered fund, which reported a turnaround interim profit this week, took a fresh turn in February when listed investment company Lemarne Corporation requested a meeting to replace the fund manager’s responsible entity.
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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
