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Macquarie, Goodman go shopping

By Vishal Teckchandani
Mon 26 Nov 2007

The Macquarie Direct Property Fund (MDPF) and Goodman have bought two logistics properties in Japan.

The Macquarie Direct Property Fund (MDPF) and Goodman have bought two logistics properties in Japan.

The assets are worth $106.6 million and are located in Tokyo and Osaka.

The logistics sector could outperform other property sectors because of strong development returns and income growth, MDPF fund manager Richard Stacker said.

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