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Property
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PMG fund loses $2m on related party deal

Christchurch industrial property revalued downwards four months after acquisition.

PMG chief executive Scott McKenzie.

Tim Hunter Mon, 18 Sep 2023

A property fund manager is defending an acquisition from a related party that lost investors $2 million within months of the transaction completing.

The PMG Generation Fund is an unlisted commercial property fund for retail investors with about $200m of property assets in its portfolio.

The fund is

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Tim Hunter Mon, 18 Sep 2023
Contact the Writer: thunter@nbr.co.nz
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PMG fund loses $2m on related party deal
Property,
100867
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