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Commonwealth retail fund to pay A$460m for management

This will give CFS Retail Property Trust control of A$516b of properties
Thursday, December 19, 2013 - 06:00

[SYDNEY] Commonwealth Bank of Australia's managed retail property trust agreed to pay A$460 million (S$516 million) to take over its operations from the lender. The agreement will give CFS Retail Property Trust control of A$516 billion of properties, including A$8.6 billion in the fund and