First State Super and Others Enter in Land Title Deal with NSW
In a ground breaking deal, First State Super, Hastings Funds Management and other investors have agreed to pay A$ 2.6 billion to manage New South Wales state’s land registry, Land and Property Information (LPI), for 35 years. This unique transaction permits the investor group to levy fees for property ownership registrations in New South Wales (NSW). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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