The A$2.1bn (鈧�1.2bn) Dexus Diversified Infrastructure Trust (DDIT) has suspended redemptions for six months after receiving requests for over half of its value.
The trust, managed by Dexus Group, owns stakes in seven assets including airports and student accommodation.
In a note to unitholders, DDIT fund manager Brad Williams said the purpose of the suspension was to allow DDIT management team to undertake an orderly consultation process with investors to determine an equitable outcome that was in the best interests of investors as a whole.
Williams said that as part of this consultation process, the fund鈥檚 trustees were seeking the views of unitholders on the plan for managing outstanding redemption requests and the future of the fund, including 鈥渁 refreshed investment strategy鈥�.
The trust was a fund, formerly managed by AMP Capital, which Dexus inherited when it bought the now-defunct manager鈥檚 Australian real asset management platform.
The assets of the vehicle includes stakes in Melbourne and Launceston airports, Port Hedland. It also has a stake in Powerco and student housing at University of Melbourne Australian National University and University of Sydney.
Dexus declined to comment on the story.
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