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BBX Forms Real Estate Fund For Property Acquisitions

Sydney-based BBX Holdings is forming a subsidiary, the BBX Property Investment Fund, for residential real estate ventures. Both cash and barter currency is being sought from investors and BBX members for the new subsidiary, which is intended to be traded on the Newcastle Stock Exchange. According to BBX�s CFO, Tim Creasy, �The BBX Property Fund is unique in that it will be the only fund that utilises barter currency.�

The barter exchange looks to use 33% barter currency, 33% cash, and 33% debt funding for acquiring property both in Australia and New Zealand. For more information:

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