G8 Education to buy Sterling for $228m
G8 Education will acquire Sterling Early Education for $228 million, boosting its market share of childcare and early education in Australia to 28.5 per cent, increasing the number of its facilities to...
View ArticleFund group 360 Capital completes $155m raising
Tony Pitt's 360 Capital Group last night confirmed that it had completed a $155 million raising as investors welcomed the chance to invest in a trust focused on suburban office buildings.Investment...
View ArticleAustraland lifts FY guidance
Australand Property Group has lifted its full-year 2014 operating earnings guidance due to positive market conditions in the residential property sector.Investors sent Australand shares 1.2 per cent...
View ArticleChinese chase Triguboff's Meriton
Billionaire Harry Triguboff has been approached by large Chinese building groups interested in buying his prolific apartment developer Meriton, as the wave of Chinese interest in Australian property...
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Robin Murphy's two Alan Bonds
IndustriesFamily BusinessAlan KohlerIn 1984 Robin Murphy sold his bridge building business, Construct Pty Ltd, to a Danish concern called Christiani and Neilson for $1 million, back when a million was...
View ArticleLend Lease fight stalls Barangaroo
A legal battle between developer Lend Lease and the New South Wales government’s Barangaroo Delivery Authority threatens to delay development at the harbourside location in Sydney, according to The...
View ArticleHousing affordability slips in Q4
Housing affordability fell slightly in the December quarter as the boost from earlier interest rate cuts tapered off, the Housing Industry Association says.The HIA-Commonwealth Bank Housing...
View ArticleGPT buys Northland stake for $496m
The GPT Group has bought a 50 per cent interest in Northland Shopping Centre in Melbourne for $496 million in an off-market process.The GPT Wholesale Shopping Centre Fund bought the stake from the...
View ArticleSydney real estate agency says yes to Bitcoin
One of Australia’s oldest property firms has decided to take a leap into virtual currencies, with Forsyth Real Estate now accepting bitcoins.The 115 year old real estate agency has forged a partnership...
View ArticleJapara may cornerstone raising after institutional rush
The $500 million aged care provider Japara is powering towards an April float as it considers dropping its back-end bookbuild in favour of cornerstoning a raising of up to $450m after a rush of...
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Chinese homebuyer alarm is a case of deja vu
EconomyChinaPeter CaiIn the 1980s, Australians were concerned about Japanese investment entering the country, and in particular real estate in Queensland, which culminated in the “Heart of the Nation”...
View ArticleBid to share the Australand spoils
Stockland has tasked a trio of investment banks - Citi, Bank of America Merrill Lynch and UBS - with finding a party willing to take on key office assets in the Australand Property Group portfolio.Fund...
View ArticleWestfield hits investor barrier
Westfield's attempts to convince investors in Westfield Retail Trust to vote in favour of its $70 billion restructure proposal have met fresh resistance ahead of an investor presentation next week,...
View ArticleProperty advice group to go public
A privately owned internet-based property advice business chaired by former REA Group head Simon Baker has flagged plans to list as it seeks to tap investors for $6 million. Real Estate Investar Group,...
View ArticleRed flags for housing: report
Signs of stress are emerging in the property market as the top end of the market begins to falter, according to The Australian Financial Review.Top-end buyers’ agent David Morrell said that activity...
View ArticleLittle Group shuffles Real Estate Corp board
Little Group has replaced three members of the Real Estate Corp (RNC) board after taking a controlling share in the company last week.Paul Little, who owns and controls property company Little Group...
View ArticleDetached house sales jump in Feb
A jump in sales of detached houses drove an overall lift in new home sales in February, despite a fall in the number of units sold, according to a private survey.The Housing Industry Association found...
View ArticlePrivate sector credit growth unchanged in February
The value of loans outstanding to the private sector continued to grow at the same moderate pace in February as the month prior, data out of the Reserve Bank of Australia shows.The central bank's...
View ArticleScaling back a large skew towards housing
Business SpectatorEconomyStephen BartholomeuszIn the post-financial crisis environment, two of the most obvious issues submissions to the financial system inquiry will highlight are competition and...
View ArticleWestfield Group deal at crossroads
Westfield Group’s formidable chairman, Frank Lowy, may be preparing the ground for a change in the terms of the shopping mall owner’s proposed $70 billion restructure because of a backlash from...
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