• MA Financial to acquire IP Generation, a real estate investment management firm specialising in Australian shopping centres
• IP Generation manages approximately $2 billion in assets and has a strong track record of growth and delivering strong investment performance
• This strategic acquisition grows MA Financial's assets under management to over $12 billion and further increases the scale, breadth, and capability of its existing real estate business

MA Financial Group Limited (ASX: MAF) has agreed to buy IP Generation, a specialist real estate investment management firm. IP Generation manages approximately $2 billion of Australian shopping centres across 10 unlisted funds on behalf of around 1,100 high-net-worth investors. The acquisition of IP Generation represents an important strategic and complementary acquisition for MA Financial as it continues to build a leading global alternative asset manager with deep capability in real estate and private credit. The strategic acquisition of IP Generation increases MA Financial's AUM to in excess of $12 billion and provides expanded acquisition and capital raising capability to accelerate its growth. Importantly, it also materially bolsters the Group's presence and investor base in Melbourne, with minimal distribution channel overlap between the businesses. Following completion of the transaction, MA Financial will have a real estate asset management platform with significant scale, breadth and capability including approximately $8 billion of AUM across core real estate, alternative real estate and real estate credit, a fully integrated shopping centre manager actively managing approximately 40 assets, and a large and diverse investor base across wholesale high net worth, retail and institutional investors. The acquisition is expected to be accretive to MA Financial's FY25 underlying earnings per share on a full year pro forma basis.

MA Financial believes that the real estate sector is likely to experience favourable conditions in the coming years for investment returns and growth due to macro tailwinds. The additional scale and expertise resulting from this acquisition positions MA Financial strongly to capitalise on these conditions.