Australian funds Hastings, First State Super to pay $2b to run state land registry

Australian funds Hastings, First State Super to pay $2b to run state land registry

REUTERS/Gary Cameron

A consortium comprising Australia’s Hastings Funds Management and pension fund First State Super agreed to pay A$2.6 billion ($1.95 billion) to run New South Wales state’s land registry, giving the state government much needed cash to bankroll infrastructure projects.

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