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MA Financial Group Limited ( (AU:MAF) ) has issued an update.
MA Financial Group, in partnership with Keppel REIT, has acquired the Top Ryde City Shopping Centre in Sydney for $525 million. This acquisition underscores MA Financial’s robust real estate capabilities and its strategic expansion in the retail sector. The Centre, a significant retail hub with high customer visitation, was acquired at a 45% discount to its estimated replacement cost, promising a fully leased yield of approximately 7.2%. The partnership aims to leverage the Centre’s social infrastructure characteristics to deliver strong investor returns amid favorable real estate cycle conditions.
The most recent analyst rating on (AU:MAF) stock is a Buy with a A$10.63 price target. To see the full list of analyst forecasts on MA Financial Group Limited stock, see the AU:MAF Stock Forecast page.
More about MA Financial Group Limited
MA Financial Group is a global alternative asset manager specializing in private credit, real estate, and hospitality. The company lends to property, corporate, and specialty finance sectors, and provides corporate advice. It manages A$12.7 billion in assets, oversees A$155 billion in managed loans, and has advised on over A$125 billion in advisory and equity capital market transactions. The company operates with over 800 professionals across Australia, China, Hong Kong, New Zealand, Singapore, and the United States.
Average Trading Volume: 387,008
Technical Sentiment Signal: Buy
Current Market Cap: A$1.69B
For an in-depth examination of MAF stock, go to TipRanks’ Overview page.