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Ace consolidation: Strata manager PICA Group acquires Ace Body Corporate

Ace consolidation: Strata manager PICA Group acquires Ace Body Corporate

PICA Group, the country’s largest strata manager, now accounts for 10 per cent of the Australia’s growing market for strata services after acquiring the third-largest player Ace Body Corporate. Sydney-based PICA, owned by Irish financial services company Fexco and Japanese facilities management and engineering company Nippon Kanzai Co Ltd, has added Ace’s 60,000 residential lots…