Wealth manager AMP says it has lifted its holding in Australand Property Group, a day after Stockland bought a strategic stake in the group.
AMP now holds 81.8 million voting shares in the property group, lifting its stake to 14.13 per cent, up from 8.29 per cent previously.
Yesterday, Stockland said it bought a 19.9 per cent stake in Australand, after Singapore's CapitaLand sold its 39 per cent stake.
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Wealth manager increases stake after Stockland bought strategic slice.
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