The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have...
Australia's Mirvac Group said on Wednesday it would buy land lease operator Serenitas from Singapore's sovereign wealth fund GIC for A$1.01 billion ($642.76 million) along with Pacific Equity Partners Secure Assets (PEP) and Tasman Capital Partners. Serenitas will operate as a joint venture following the acquisition, with Mirvac and PEP holding 47.5% stakes each, while Tasman Capital Partners will own the remaining stake.