Nov 8 (Reuters) - Investment bank Moelis Australia MOE.AX said on Friday it will buy a 50% stake in Westfield Marion Shopping Centre in South Australia for A$670 million ($462.23 million).
The company said that its funds under management will be about A$4.7 billion after the acquisition, growing about A$1 billion since 2018 December end.
The shopping centre has a moving annual turnover of A$846 million, the company said in a statement. ($1 = 1.4495 Australian dollars)