SCA Property Group is looking to wind up the last of its well-known SURF funds, with its $50 million portfolio of three regional retail assets expected to fetch strong prices.
The SURF 3 vehicle – the acronym stands for SCA Unlisted Retail Fund – is the final of three closed end funds that SCA, led by Anthony Mellowes, had put together for primarily retail investors. Two of the funds were wound up over the 2021 financial year.
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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
