PMG fund loses $2m on related party deal
Christchurch industrial property revalued downwards four months after acquisition.
PMG chief executive Scott McKenzie.
Tim Hunter
Mon, 18 Sep 2023
Hot Topic
Hawke’s Bay
A property fund manager is defending an acquisition from a related party that lost investors $2 million within months of the transaction completing.
The PMG Generation Fund is an unlisted commercial property fund for retail investors with about $200m of property assets in its portfolio.
The fund is
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Tim Hunter
Mon, 18 Sep 2023
Contact the Writer: thunter@nbr.co.nz
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PMG fund loses $2m on related party deal
Property,
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