Sygnus Real Estate reaches exit and reaping phase of investment cycle

Sygnus Real Estate Finance Limited has reached the exit and reaping phase of its investment cycle on its first round of developments.

Chief Investment Officer of Sygnus Capital, Jason Morris says it will trigger the orderly exit from projects undertaken since the company was founded in 2019, the reaping of funds and payment of dividends to shareholders and the commencement of a second three- to five-year investment cycle which will concentrate on key assets and joint ventures.

Mr Morris announced to shareholders at the company's annual general meeting last Thursday that there will be a temporary reduction in management fees charged by Sygnus Capital.

Sygnus Capital provides management services to Sygnus Real Estate.