Tony Green, the property consultant who advised Arsenal Football Club on its new stadium, and John Harrison, co-founder of Marylebone Warwick Balfour are spearheading a €2bn spending spree for Australia\'s first listed property trust to target Europe.

UKA waltzes in. A big shot Australian fund manager is swooping on portfolios across Europe, thanks to some smart tracking by two English property veterans and their Aussie mate.

Melbourne-based listed property group APN/UKA European Retail Trust has extended its reach into Europe with the $279.5 million acquisition of three convenience retailing centres in Germany and Greece.