Queensland based fund maager APGF are ruhmered to be selling the $400m PFA fund to Charter Hall.
This follows the pending sales of their NSX listed head stock the which holds Brisbane's Blue Tower, Westpac campus at Concord and the Royal Bank Building in Melbourne.
APGF AREIT which was formed just 12 months ago is being wound up amidst claims by the manager that the fund is no longer sustainable, investors distributions have ceased, assets have been placed on the market and APGF have converted back fees into interest bearing loans.
Domian SEQ assets are being sold off as well.
Angry investors in the remaining Austrowth syndicates have called a unit holders meeting to remove APGF as the manager and replace tham with the Sydney based boutique fund manager CYRE Trilogy.
Was that a truck full of archive boxes outside APGF offices??
LAST ONE OUT.....TURN OFF THE LIGHTS!!
DIRECTORS include MD and puppet extrordinare Geoff McMahon, Bob Bryan (Leyshon Holdings) and Neil Summerson (BOQ Chairman)