ARIA invests US$65m in Sydney property

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AUSTRALIA - The Australian Reward Investment Alliance (ARIA) has purchased a 92% interest in 1 Chifley Square in Sydney's CBD at a cost of US$65m (A$84.5m).

The A$17bn super fund made the purchase through Arcadia Funds Management Limited, one of its real estate investment managers. André Morony, ARIA's CIO, said it was Arcadia’s first purchase for the...

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