Macquarie trusts step up efforts to cut gearingTwo of Macquarie...

Macquarie trusts step up efforts to cut gearing

Two of Macquarie Group's office property trusts are selling assets to lower their gearing. Macquarie Office Trust has sold assets at a loss and may need to raise equity to avoid breaching loan-to-value ratio covenants on some properties. Macquarie Direct Property Fund is close to its gearing target after selling assets


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http://www.businessspectator.com.au/bs.nsf/Article/Macquarie-trusts-step-up-efforts-to-cut-gearing-TQTBW?OpenDocument&src=ea&ir=1