Bunnings deal for Charter Hall
DataRoomMergers & AcquisitionsBen Wilmot - The AustralianThe acquisitive Charter Hall Group has forged deeper into the retail property market by setting up a venture to buy a $127 million portfolio...
View ArticleGoodman lifts assets under management in Q3
Goodman Group says it is well positioned to meet its growth expectations in current and future periods after posting a 13 per cent lift in total assets under management (AUM) in the third quarter.AUM...
View ArticleDexus increases FY FFO guidance
Dexus Property Group has lifted its full-year funds from operations (FFO) guidance, and now expects to come in 7.6 per cent stronger than in the previous corresponding period. Dexus expects FFO to...
View ArticleGPT Group lifts specialty sales
GPT Group increased specialty sales by 4.4 per cent in the March quarter, compared to the prior corresponding period, but its outlook for the broader retail market remains conservative. The diversified...
View ArticleWill Lowy's tinkering placate Westfield investors?
IndustriesPropertyStephen BartholomeuszIt’s not often that Frank Lowy has blinked under pressure from investors, but last evening’s tinkering with the terms of the proposed restructuring of the...
View ArticleWestfield poised for positive vote
A sweetener from Frank Lowy on the proposed restructure of his $70 billion property empire appears to have done the trick, with many investors indicating they will now support the deal, The Australian...
View ArticleMoody’s issues bank ratings warning: report
Adapt or Die Knowledge HubFinancial ServicesStaff ReporterRatings agency Moody’s has warned of risks to the local banking sector should property prices continue to mark strong gains over the next year,...
View ArticleDeal tweak unfavourable for Westfield Group: expert
Independent expert Grant Samuel says this week's revision to the Westfield merger deal is unfavourable for Westfield Group securityholders, but the proposal remains in their best interests in the...
View ArticleREA lifts nine-month earnings
REA Group has posted a 38 per cent lift in nine-month earnings, saying the increase shows the strength of the business.Earnings before interest, tax, depreciation and amortisation rose to $162 million...
View ArticleOffshore investment welcome: REIA
The Real Estate Institute of Australia is warning the federal government not to introduce tougher rules on foreign property investment, The Australian Financial Review reports.The REIA said in a...
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Fraser Sofitel deal to boost plans for trust
Business SpectatorDataRoomBen Wilmot - The AustralianSingapore's Frasers Centrepoint is pushing ahead with plans for a hotel real estate investment trust after picking up the Sofitel Sydney Wentworth...
View ArticleLend Lease to offload $500m worth of malls
DataRoomMergers & AcquisitionsBen Wilmot - The AustralianLend Lease’s investment management arm has put $500 million worth of shopping centres on the block as it winds up the unlisted Lend Lease...
View ArticleBrookfield to buy KPMG Tower
DataRoomMergers & AcquisitionsTuri Condon and Ben Wilmot - The AustralianCanadian giant Brookfield will enforce its pre-emptive right to take full control of the $220 million KPMG Tower at King...
View ArticleGIC sells GPT stake for $505m
Business SpectatorDataRoomSarah Danckert and Bridget Carter - The AustralianThe Government Investment Corporation of Singapore has sold its 8 per cent stake in GPT Group for $505 million in a deal that...
View ArticleHousing finance misses expectations
Disappointing home loan and house price data indicate Australia's housing boom is starting to pull back.The number of home loans approved in March fell 0.9 per cent to a seasonally adjusted...
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Australand ups pressure with $65m land purchase
Business SpectatorDataRoomBen Wilmot - The AustralianTakeover target Australand Property Group has lifted pressure on its suitor Stockland after buying a massive land parcel in the Melbourne suburb of...
View ArticleThe budget revolution that will stun CEOs
Business SpectatorPoliticsRobert GottliebsenThe many leaks prepared us for a harsh budget, but few were prepared for the enormity of the change in business strategy underlying it. It will take a few...
View ArticleWestfield in talks over Rodamco
IndustriesPropertyBen Wilmot - The AustralianThree global real estate giants including Australia’s Westfield Group are locked in settlement talks as a decade of litigation stemming from the $US5.3...
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Has the housing downturn already begun?
EconomyAustralian NewsCallam PickeringIs it possible that while our attention drifted to Canberra for the budget, we missed the beginning of the housing downturn?It’s fair to say that Canberra was the...
View ArticleRBA warns on borrowing standards
Making it easier for home buyers to borrow more than they can reasonably service does "nobody a favour", the Reserve Bank of Australia has warned.As interest rates have fallen, demand from housing...
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