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Macquarie CountryWide Trust settles First Washington


Macquarie CountryWide Trust (ASX:MCW) has settled on its 65 per cent interest in the portfolio of properties acquired from First Washington Investments I, LLC and California Public Employees’ Retirement System (First Washington portfolio). The properties are located in some of the strongest retail markets in the US where populations are dense and average income is high – an ideal combination for retail property returns. Plans are underway to capture further income growth potential from a large number of immediate redevelopment opportunities.

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