Chinese real estate fund looks abroad
A real estate fund that once managed around 2.8 billion yuan ($US448 million) and focused on Chinese properties has halted operations and is now looking abroad.Fund management firm Harvest Real Estate...
View ArticleStockland hits out at Australand
Stockland managing director Mark Steinert has questioned the governance of the board of takeover target Australand Property Group.According to The Weekend Australian, Mr Steinert has struck out at...
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Australian Gaming seeks $80m in IPO
Business SpectatorDataRoomBrett ColeAustralian Gaming & Entertainment plans to raise $80 million in an initial public offering and has embarked on a five-city roadshow today to entice investors in...
View ArticleTinkler, Triguboff used slush fund to pay MPs, ICAC hears
Nathan Tinkler and Harry Triguboff are among property developers who stand accused of using Liberal party slush funds to sidestep the ban on property developers making political donations, The...
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Four common misconceptions about Chinese property buyers
EconomyChinaMichael YangChinese buyers are cash buyersThere is a widely held belief that Chinese buyers pay for their real estate purchases in Australia in cash and there is little need for them to...
View ArticleChina’s shadow banking squeeze could choke Australia
EconomyChinaRobert GottliebsenWe have not fully realised it yet but China’s attack on its shadow banking system is an attack on the Australian economy. Australia is very intertwined with Chinese shadow...
View ArticleStockland renews Australand push
Property developer Stockland is renewing calls on rival Australand to open its books so it can pursue its $2.4 billion takeover offer.Releasing its latest market update, Stockland reaffirmed its...
View ArticleLend Lease inks Barangaroo lease deal
Lend Lease says it will commence development and funding of the third commercial tower at the Barangaroo South development, adding that PricewaterhouseCoopers Australia and HSBC Bank Australia have...
View ArticleStockland raises pressure on Australand
DataRoomMergers & AcquisitionsSarah Danckert - The AustralianAustralia's largest residential developer Stockland has raised the prospect of a guidance-beating full-year result as it ramps up the...
View ArticleBlackstone seals $826m Mirvac deal
DataRoomMergers & AcquisitionsBen Wilmot and Gina Rushton - The AustralianUS private equity giant Blackstone has staked its claim as a major force in the Australian property market with the...
View ArticleLandlords take $14bn in tax losses
Australian landlords logged close to $14 billion in tax losses that were offset against their income in 2012, Tax Office data shows, according to The Australian Financial Review.The amount claimed by...
View ArticleA retail red alert for Hockey's budget
PoliticsFederal BudgetRobert GottliebsenStep back and look at what is happening across our country. What you will see is not pretty.The fall in the share prices of Woolworths and Wesfarmers (Coles and...
View ArticleMirvac reaffirms FY guidance
Mirvac Group has reaffirmed its full-year operating earnings per share guidance as it unveiled an optimistic third-quarter update, buoyed by its residential business.Mirvac said it expects operating...
View ArticleRise in home values slows in April
Capital city dwelling values rose at a slower pace in April, lifting 0.3 per cent after a 2.3 per cent month on month rise in March, according to the RP Data-Rismark April home value index results.The...
View ArticleMirvac on prowl after asset sales
DataRoomMergers & AcquisitionsSarah Danckert - The AustralianMirvac remains on the prowl for acquisitions after offloading seven properties to Blackstone and reaffirming guidance at its third...
View ArticleNew home sales lift in March quarter: HIA
Private new home sales rose across the country in the March quarter and were particularly strong in Queensland, according to a survey from the Housing Industry Association.New home sales increased by...
View ArticleBuilding approvals fall in March
Building approvals fell in March, against expectations of an increase, official data shows.The Australian Bureau of Statistics data showed the number of buildings approved fell a seasonally adjusted...
View ArticleCedar Woods to raise $30m to fund site buy
DataRoomEquity Capital MarketsSarah Danckert - The AustralianThe Paul Sadleir-led West Australian residential developer Cedar Woods is tapping the market to fund an acquisition of a $68 million site in...
View ArticleCharter Hall increases Bunnings assets
Charter Hall has expanded its Bunnings Partnership Fund with the acquisition of a $127 million portfolio of the hardware brand's stores.Charter Hall said the off-market portfolio acquisition brings its...
View ArticleWestfield revises restructure plan
Westfield Group has rejigged its proposal for the restructure of its $70bn empire so that the deal is more in favour of investors in its Australian sister trust Westfield Retail, as flagged earlier by...
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