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...
MERGER COSTS $850K PLUS
MANAGERS INITIAL SETUP FEE $1.3M
12 MONTHS LATER .........FEB 2012
LETTER TO INVESTORS
NO MORE DISTRIBUTIONS
FUND IS BEING UNWOUND AND ASSETS SOLD OFF
NTA 93 CENTS BEFORE DISPOSAL COSTS, AGENTS FEES ETC