The launch of the MPG Tweed Hub Trust launch sees MPG’s funds under management exceed $450 million.
Brett Gorman, Managing Director at MPG Funds Management said, “We’ve grown more than 50% in less than two years, largely through acquisitions including Beaudesert Central, Rocks Central and now Tweed Hub. There are still good opportunities in property out there, but you have to work a lot harder to find them.”
Tweed Hub is a 9,757 GLA large format/convenience centre, and fits in efficiently with MPG’s property portfolio of large format retail and neighbourhood shopping centres. It meets MPG’s strategy of investing in well branded retail properties in the range of $10m – $50m, which we believe to be overlooked by the larger institutional investors and are out of the reach of most individual property investors.
For more information about the MPG Tweed Hub Trust, visit here.