Sydney-based investment manager Folkestone has collected a bumper crop of performance and management fees as it launched three new funds, wound one up and extended another.
Its busy first half of funds management delivered $3.3 million in acquisition fees after the launch of the three new funds, including a vehicle to hold its single largest acquisition to date, a Sydney airport hotel for $76.4 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
