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By Lewis Jackson
SYDNEY (Reuters) - An Australian real estate investment trust (REIT) has limited how much investors can withdraw from one of its largest office funds citing "challenging property conditions", in the latest sign of trouble for the embattled commercial property sector.
Investors in the unlisted A$2.5 billion ($1.72 billion) Charter Hall Direct PFA Fund received only a quarter of what they requested during a once-every-five-year window to withdraw their money late last year, acco...
>>> Read more: Major Australian REIT limits withdrawals from unlisted office fund
SYDNEY (Reuters) - An Australian real estate investment trust (REIT) has limited how much investors can withdraw from one of its largest office funds citing "challenging property conditions", in the latest sign of trouble for the embattled commercial property sector.
Investors in the unlisted A$2.5 billion ($1.72 billion) Charter Hall Direct PFA Fund received only a quarter of what they requested during a once-every-five-year window to withdraw their money late last year, acco...
>>> Read more: Major Australian REIT limits withdrawals from unlisted office fund
