DomaCom partners with Perpetual
Perpetual and DomaCom have entered a partnership which will see Perpetual act as responsible entity and custodian to DomaCom's new platform.
The software provider is preparing to launch an online property platform in the third quarter of 2013, which will provide a property investment solution for the self-managed super fund (SMSF) market.
SMSFs and other long-term investors will be able to acquire fractional interests in both residential and commercial property that is made available by owners and developers.
The platform will also provide an equity release solution for senior Australians, said DomaCom chief executive officer Arthur Naoumidis.
"Perpetual's well-known approach and commitment to responsible investment including social, environmental and governance factors is very rigorous and will be instrumental in ensuring the DomaCom Fund has a solid compliance and governance base," Naoumidis said.
Perpetual group executive Chris Green added the company was "excited with the concept behind the DomaCom business".
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