TPG to buy DTZ for around $1.2bn: report
Private equity firm TPG is in final negotiations to buy UGL’s property services unit DTZ for about $1.2 billion, the Australian Financial Review said on Monday.A deal will be announced as early as...
View ArticleCalls to delay Westfield voting
The corporate regulator is facing calls to delay a shareholder vote on the $70 billion Westfield restructure to ensure that shareholders in its Australian shopping mall spin-off have time to consider...
View ArticleProperty soaking up 95% of credit growth
The transition from the mining boom is creating biases in lending, with about 95 per cent of the extra credit extended since mid-2012 being directed towards residential or commercial property, Fairfax...
View ArticleSingleton, Harvey, Carnegie to pay $75m for Entertainment Quarter: report
A well-known Sydney sports and entertainment precinct is expected to fall into the hands of prominent businessmen John Singleton, Mark Carnegie and Gerry Harvey, according to The Australian.The trio is...
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The sky-high rise of UK property prices
Business SpectatorEconomyMike Amey - PIMCOPimcoAs many of us are aware, there are two most British of conversations – the weather and house prices. Maybe it is because we have just experienced the...
View ArticleWestfield Retail: a guide to the choice
IndustriesPropertyRobert GottliebsenRegulators and commentators are properly pouring over just how to sort out the Westfield mess. But the real essence of the matter is whether Westfield Retail Trust...
View ArticleWestfield Retail Trust heads to court
Westfield Retail Trust will appear before the New South Wales Supreme Court this afternoon as the fallout from the postponed vote on its $70 billion demerger proposal continues.Court listings show that...
View ArticleWestfield sets new meeting date
Westfield Retail Trust plans to resume a shareholder meeting to vote on its $70 billion restructure plan on June 20, the company informed the market last night.Proxy preferences will be due by June 18,...
View ArticleHenderson picks up mandate
Global real estate manager TIAA Henderson Real Estate has picked up a valuable mandate from the $70 billion giant AustralianSuper to invest in the London office market.While yields in the British...
View ArticleAustraland receives rival takeover bid
Australand Property Group has received a takeover proposal from Singapore-listed Frasers Centrepoint for cash consideration of $4.48 per share, which the target says is superior to an offer from...
View ArticleClock ticking on Westfield votes
A Supreme Court judge has set the clock ticking on a race to secure votes from tens of thousands of Westfield Retail Trust securityholders as one of the biggest investors in the company broke cover on...
View ArticleSecond prize isn't so bad for Stockland
IndustriesPropertyStephen BartholomeuszUntil today, Stockland’s chief executive Mark Steinert would have been increasingly confident of the prospects for the success of his $2.5 billion bid for...
View ArticleSingleton-led group pays $80m for Entertainment Quarter
CFS Retail Property Trust has agreed to sell its leasehold interest in The Entertainment Quarter in Sydney to a consortium led by Gerry Harvey, John Singleton and Mark Carnegie's private equity fund...
View ArticleSingleton, Harvey and Carnegie snap up Entertainment Quarter
John Singleton and two mates, billionaire Gerry Harvey and investment banker Mark Carnegie, have bought Sydney’s most popular sports and entertainment precinct, the Entertainment Quarter near Fox...
View ArticleUk house prices jump most in 12 years
UK house prices rose at the fastest monthly pace in almost 12 years and to the highest level since before the global credit crisis in May, a survey showed Thursday, as demand for homes continues to...
View ArticleCromwell buys into NZ group
Listed property funds management group Cromwell Property Group has acquired a half stake in emerging New Zealand property manager Oyster Group.Oyster has more than $NZ650 million ($591m) of property...
View ArticleDecision time on plan B for Westfield
Westfield Retail Trust’s largest shareholder, UniSuper, has challenged one of the key claims made about the risks of rejecting a controversial $70 billion restructure plan as opposing factions stepped...
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Ominous signs in the London housing market
EconomyGlobal NewsStephen FayLondon - Do I or do I not inhabit a bubble in the London housing market?It feels like a bubble. I have received an offer for our house significantly higher than I had...
View ArticleThe nitty-gritty of the Westfield merger
Business SpectatorDataRoomStephen BartholomeuszAmid all the emotion and aggression that has erupted around the proposed restructuring of the Westfield empire, it is curious how little public analysis...
View ArticleStockland may pick off Australand assets
Stockland could make a play for some of Australand’s industrial properties and apartment development projects in a bid to avoid a hostile bidding war with the Singapore-listed Frasers Centrepoint,...
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