Newmark Capital to acquire AUIL from Australian Unity.

Newmark Capital, a company specializing in property funds management, agreed to acquire AUIL, a responsible entity of the Australian Unity Property Income Fund (PIF), from Australian Unity, an Australian mutual company providing health and care services. Financial terms were not disclosed. “The transfer of the Australian Unity Property Income Fund is consistent with Australian Unity’s strategy to focus its funds management business in areas where it can increase scale and impact, including its Platypus Asset Management business, Healthcare Property Trust and other social infrastructure investment products,” Jenny Saliba, Australian Unity Executive General Manager.