AMP Leaving the Sector

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It is understood that AMP is working its way out of the village sector, with plans well advanced in its untangling its association with Meridien. Just 12 months ago AMP Capital Investors promoted its $1 billion investment and their portfolio of 19 villages. At the RVA conference two yeas ago they stated they were going to be a long term player – but by last year’s conference Marcus Willison also hinting they would not last the next 12 months. He was accurate to the month.