360 Capital Group has entered into an agreement with CVC Limited to buy the responsible entity of the CVC Property Fund.
360 Capital Group managing director Tony Pitt said the purchase price is not material to either TGP or CVC.
“TGP will over the coming months undertake a strategic review of CJT with a view to determining how best to actively engage the expertise and capabilities of TGP to improve the value of the CVC Property Fund for the benefit of all unitholders and for the mutual benefit of CJT and TGP.
“Once that review has been completed, TGP and CJT will provide an update to the market as to the outcomes of the strategic review and next steps to be taken,” Pitt said.
Property Review
