The outlook for Australian listed property trusts is improving as the nation’s currency strengthens and the local economy weathers the global recession, according to AMP Capital Brookfield.

Companies that raised capital through share offerings and sales of overseas assets will start to buy real estate assets from local private sellers, said Kim Redding, chief investment officer of Chicago-based AMP Capital Brookfield, a A$6bn ($5.5bn) partnership formed this month between Sydney- based AMP Capital Investors and Brookfield Investment Management in Toronto to invest in global listed property trusts.