Property fund manager 360 Capital Group reported a net profit of $23 million for the year, up from a $6.3 million loss. The group increased funds under management and direct assets from $821.4 million to $1.12 billion following the acquisition of 360 Capital Property Group. Revenue was $5.2 million. The group was responsible for floating the $235 million 360 Capital Office Fund on the ASX, raising $61 million for the 360 Capital Industrial Fund and restructuring the 360 Capital Developments Income Fund.

Matthew Cranston