Mirvac courts club fund investor

Group hopes Singapore firm Mapletree will serve as cornerstone investor of new industrial-park club fund.

Mirvac Group (MGR) is courting Singaporean giant Mapletree as the cornerstone investor for a new industrial-park club fund seeded with the Sydney headquarters of supermarket leader Woolworths and computer heavyweight IBM.

The properties in the city's northwest are worth a collective $340 million. Mirvac has previously flagged plans to launch club funds, including an industrial club fund.

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