Business Services Industry
DB property trust gets set to build.
Australasian Business Intelligence, June, 2005
Jun 27, 2005 (Investor Weekly - ABIX via COMTEX)
Coles Myer and DB Rreef Funds Management (DBFM) have entered into an agreement to build a distribution centre. The centre is expected to cost $A95 million to build and will be located at the Db Rreef Industrial Estate in Victoria. DBFM, which is the responsible entity of DB Rreef Trust, is a 50- 50 joint venture between Deutsche Asset Management and the DB Rreef group. It is expected that the new distribution centre will provide a return of around 7.7 per cent.
Publication Date: 23 June 2005
COLES MYER LIMITED - ASX CML:
DB RREEF TRUST - ASX DRT:
DB RREEF FUNDS MANAGEMENT LIMITED:
DB RREEF HOLDINGS PTY LTD:
DEUTSCHE ASSET MANAGEMENT (AUSTRALIA) LIMITED
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