Li Ka-shing family sells Beijing property
A company controlled by the family of Asia's richest man Li Ka-shing has sold a landmark Beijing property for more than $US900 million, it said, adding to speculation he is cashing out of Chinese...
View ArticleApp to track Chinese investment in Aust
A new online database mapping Chinese investment in Australia is the latest tactic the federal government is using to fast-track talks on a free trade deal with Beijing.Trade Minister Andrew Robb on...
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Wheatley to head Goldman's real estate banking
Business SpectatorDataRoomBridget Carter - The AustralianGoldman Sachs has named Simon Wheatley as the new head of real estate investment banking. Mr Wheatley will replace Alexi Antolovich, who...
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Hockey must work an economic miracle
Business SpectatorPoliticsRob BurgessIf ever a Treasurer has had a spinning-plate trick on his hands, it's Joe Hockey. When he returns from his G20 discussions in the US, Hockey will need every ounce...
View ArticleWestfield restructure 'fair': experts
Two expert reports from KPMG and Grant Samuel & Associates have found the planned restructure of Westfield Group and Westfield Retail Trust is in the best interests of securityholders.Westfield...
View ArticleThe Westfield empire's defining moment
Business SpectatorIndustriesStephen BartholomeuszThe release of the independent expert reports for the proposed restructuring of the Westfield property empire represents the decisive moment in the...
View ArticleAsset sale may put Mirvac on prowl
DataRoomMergers & AcquisitionsBen Wilmot and Sarah Danckert - The AustralianMirvac Group’s transformation under chief executive Susan Lloyd-Hurwitz is stepping up a gear with private equity giant...
View ArticleThe good, scary return of mortgage backed securities
IndustriesPropertyAlan KohlerAfter five years of near death, the residential mortgage backed securities market in Australia is roaring back to life, which is both good and scary.Good because the banks...
View ArticleTIAA-CREF buys stake in Mirvac property
TIAA-CREF has acquired a 50 per cent interest in Mirvac Group’s 699 Bourke Street Melbourne office building development, through a strategic office alliance.The 50 per cent stake cost $73 million based...
View ArticleAustraland flags higher dividend
Australand Property Group expects to lift its 2014 dividend by 19 per cent to 25.5c per security, managing director Bob Johnston told shareholders at its annual general meeting.The quality of the...
View ArticleForeign property demand lifts: NAB
Foreign buyers' demand for residential property rose significantly in the March quarter, according to the National Australia Bank quarterly Australian residential property survey.The figures are at the...
View ArticleTower a test for Brisbane market
Business SpectatorDataRoomBen Wilmot and Greg Brown - The AustralianThe $97 billion Future Fund and local giant Stockland are expected to bring Brisbane’s $600 million Waterfront Place office tower to...
View ArticleTriguboff considers $3bn sale: report
Harry Triguboff is weighing the divestment of half of his property empire to Chinese interests, according to The Australian Financial Review.Mr Triguboff received an offer for his flagship company...
View ArticleMelbourne apartment prices take hit
Apartments in-and-around Melbourne’s CBD are more regularly being sold beneath the asking price as a flood of new properties hit the market, The Australian Financial Review reports.SQM Research’s...
View ArticleAustraland rejects Stockland bid
The board of Australand Property Group has rejected a takeover proposal from Stockland Group that had a consideration of 1.111 Stockland shares for every Australand share.The bid implied an offer price...
View ArticleSteinert can still breach Australand's battlements
IndustriesPropertyStephen BartholomeuszStockland’s Mark Steinert has been rebuffed in his first overtures towards Australand. With $435 million locked up in Australand securities, however, it’s...
View ArticleAnalysts warn on household debt
As access to cheap and easy financing for lenders becomes less problematic, concerns are growing that Australia's heavily geared household sector is at risk of becoming too indebted, The Australian...
View ArticleStockland may revise Australand bid
DataRoomMergers & AcquisitionsBridget Carter - The AustralianStockland chief executive Mark Steinert says the nation’s largest housing developer will “potentially” work with a partner to launch a...
View ArticleStockland mulls fresh Australand bid
DataRoomMergers & AcquisitionsSarah Danckert - The AustralianAs Stockland’s top brass spent yesterday in an all-day board meeting, expectations are growing that the nation’s largest residential...
View ArticleLondon's 'Gherkin' tower in receivership
London's landmark "Gherkin" office tower, one of the most recognisable sights on the British capital's skyline, has been placed into receivership.The 41-storey block in London's financial district was...
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