National Commercial Real Estate News From CoStar Group
Aussie Investment House Returning To U.S. Real Estate
AMP Capital Investors, an Australian investment house with $126 billion in funds under management, is getting back into U.S. real estate.
AMP Capital’s Global Direct Property Fund purchased a small CBD office building in Boston for $17.6 million to mark the fund’s first U.S. acquisition since the global financial crisis. AMP bought the building with investment manager Urdang Capital Management, the real estate investment specialist for BNY Mellon...