LPT Sector Now a Riskier Deal

Former Mirvac managing director Robert Hamilton should be patting himself on the back.

In January 2004, the businessman who co-founded the Mirvac development empire 35 years ago, dared criticise what was becoming a growing trend by listed property trusts in Australia – to target property assets internationally, particularly in the United States where high property yields made them attractive, relative to local property asset offerings.

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