Dear All,
Interesting discussion, but take it from Westpac point of view. They want to use some excess lending money, flog off the trust (to our super guarantee funds for capital stable portfolios) in time and collect ongoing fees and loans from the REIT! Simple, Westpac is creating a vehicle from which it can generate more fees from in the future.
You may have to look beyond the obvious for the real reasons!
Cheers.
