Multiplex Prime Property Fund
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Multiplex Prime Property Fund (ASX: MAFCA) is a diversified real estate investment trust which owns commercial A-grade office buildings in Sydney and Melbourne. Plus it invests in other property funds.
Multiplex Prime Property Owns:
Ernst & Young Centre and 50 Goulburn Street, Sydney; Southern Cross Tower, Melbourne; Defence Plaza, Melbourne; and American Express Building, Sydney.
Therefore, this A-REIT is highly dependent on revenues from just a few buildings in just a couple of locations.
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