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Heitman mandate adds to EII Capital woes

Oliver Jones
Property fund house Heitman’s recent mandate win from Advance Asset Management came after Advance terminated EII Capital’s contract, exacerbating EII’s troubles.
Heitman mandate adds to EII Capital woes

Property investment firm Heitman’s recent A$360 million ($312 million) mandate from Australia’s Advance Asset Management came at the expense of New York-based EII Capital Management, which has been struggling of late after several staff departures and terminated mandates.

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