Property Income Fund looks to retail, signals possible IPO
Willis Bond’s investment offshoot says it’s about a third of the way to getting to the ‘critical mass’ required for a public offer.
The Manukau Supa Centa.
Property Income Fund's $161 million purchase of Manukau Supa Centa could set it on the path for an initial public offer, once it hits "critical mass" of about $1 billion under management, it says.
The investment fund, an offshoot of the McGuinness family's development company Willis Bond, this week
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