Hastings, First State Super buy Australian state land registry
First State Super and Hastings Fund Management have agreed to acquire the New South Wales (NSW) land title and registry business for A$2.6 billion ($1.9 billion).
The acquisition of Land & Property Information (LPI) will be made through Australian Registry Investments (ARI), a special purpose vehicle 20% owned by Royal Bank of Scotland Group's pension fund, which...
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