Property for Industry managers to reap $42M payday in plan to take management inhouse

Sun, 02 Apr 2017

By Jonathan Underhill April 3 (BusinessDesk) - The managers of Property For Industry will reap a $42 million payday under a proposal for the industrial property investor to internalise the management contract, a deal Deloitte has deemed fair. Under the scheme, Greg Reidy, Simon Woodhams and Craig Peirce will continue as managing director, general manager and chief financial officer respectively, and other employees of McDougall Reidy & Co, which manager PFIM Ltd subcontracts its management role for Property for Industry (PFI), "will conti...

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