Building approvals beat forecasts in Jan
Building approvals soared more than expected in January, according to the Australian Bureau of Statistics.ABS data showed the number of buildings approved rose a seasonally adjusted 6.8 per cent to...
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Chinese buyers to invest $44 billion in real estate: report
Chinese buyers are expected to purchase $44 billion worth of Australian residential property over the next seven years, according to a report released today by Credit Suisse.The investment bank...
View ArticleFuture Fund makes $1bn US push
Australia's $97 billion Future Fund has upped its exposure to the recovering US real estate market, teaming with Dallas-based group Hillwood, which is controlled by Ross Perot Jr, for a $US1bn...
View ArticleMorgan Stanley banker in Lend Lease move
Another investment banker is leaving the industry to work for a listed real estate company.Morgan Stanley's Sydney-based managing director Paul Snushall is joining construction giant Lend Lease as head...
View ArticleCBA puts its house in order
Adapt or Die Knowledge HubFinancial ServicesStephen BartholomeuszCommonwealth Bank’s exit from its managed property platform should be completed today when securityholders vote on the internalisation...
View ArticleCFS shareholders back internalisation
Securityholders in the CFS Retail Property Trust have voted in favour of a proposal to internalise the group's management.Investors have also supported a proposal for the trust to acquire the...
View ArticleTPG wants $600m for Ingham property
Private equity firm TPG, the owner of Ingham Enterprises, reportedly wants more than $600 million to sell and leaseback of two big property portfolios.The Australian Financial Review reports that TPG,...
View ArticleTPG wants $600m for Ingham property
Private equity firm TPG, the owner of Ingham Enterprises, reportedly wants more than $600 million to sell and leaseback of two big property portfolios.The Australian Financial Review reports that TPG,...
View ArticleOffice REIT set to raise $155m in IPO
Property fund manager 360 Capital Group is floating its office REIT for $2 a share in a $155 million initial public offering, with the bookbuild planned for later this month.The group will become one...
View ArticleInstitutions key to Mantra listing plan
The listing of Australia's second largest hotelier Mantra Group, billed as the largest hotel float in more than a decade, could win investor backing if its high-profile owners, private equity group CVC...
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The RBA’s radical remedy for soaring house prices
IndustriesPropertyCallam PickeringThe Reserve Bank of Australia is perhaps closer to intervening in the housing market than many expect. A freedom of information request indicates that it has...
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Barbarians at the gate?
IndustriesPropertyPeter Cai & Harrison PolitesMuch ink has been spilled on the so-called Chinese “invasion” of Australia’s property sector. Here, Business Spectator puts many of the media reports...
View ArticleDon't blame SMSFs for house prices: BOQ
The Bank of Queensland has reportedly defended the self-managed super fund (SMSF) sector, saying it has been incorrectly blamed for house price appreciation.The Australian Financial Review reports...
View ArticleHousing finance misses forecast in January
The demand for home loans was flat in January against expectations of a lift, as the value of home loans provided to investors fell, according to the Australian Bureau of Statistics.The data showed the...
View ArticleAust houses to flatline: PIMCO
Pacific Investment Management Company (PIMCO) expects Australia’s housing market will flatten over the next few years, but it is not anticipating a collapse.Speaking to The Australian Financial Review,...
View ArticleLoan restrictions cooled property market: RBNZ
New Zealand's property market has cooled a little as restrictions on the level of low-equity home loans and rising mortgage rates have tempered demand, the NZ Reserve Bank says.Annual house price...
View ArticleCharter Hall buys half of Aspen's ATO tower
Charter Hall's flagship wholesale office fund has snapped up a half stake in the nearly $200 million Australian Taxation Office building in Adelaide from the embattled Aspen Group.As part of the deal...
View ArticleWRT investor day to be held April 2
An investor day for disgruntled Westfield Retail Trust shareholders has been set for April 2, hosted by Westfield Group CFO Peter Allen and the executive team of the Australia and New Zealand...
View ArticleGeoff Dixon pays $6m for Sydney's Blues Point Hotel
High-profile businessman Geoff Dixon has added to his family's pub holdings, paying more than $6 million buying Sydney's popular Blues Point Hotel in wealthy McMahons Point.Built in 1864, the Blues...
View ArticleMorgan Stanley's Arena considers pre-IPO asset sales
Morgan Stanley's Arena Investment Management is looking at the best way to deliver liquidity to investors in both its property and office funds, and will present its latest strategy at an investor day...
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