WRT chairman urges shareholder support
Westfield Retail Trust chairman Dick Warburton has declared a "call to arms" for shareholders to support a proposed $70 billion restructure, The Australian Financial Review reports.According to the...
View ArticleCox eyes NZ boutique hotels
As Singapore’s Banyan Tree Hotels and Hong Kong’s Ovolo Group scour Australia for hotels and serviced apartment development sites, local investors are heading across the Tasman to New Zealand —...
View ArticleHedge funds target Australand
Australand Property Group’s receipt of a surprise all-cash takeover offer from Singapore-listed Frasers Centrepoint has prompted hedge funds to pour on to the target’s register and they now account for...
View ArticleBanks wary on risky mortgages
Banks are starting to curb risky home loans, limiting the number offered to homebuyers that have deposits of less than 5 per cent, according to Fairfax Media.Financial comparison website RateCity...
View Article‘Perceived conflicts’ in Westfield’s Plan B
One of the most experienced property boardroom veterans and the former boss of Centro, Glenn Rufrano has backed calls for an overhaul of Westfield Retail Trust should its parent company’s $70 billion...
View ArticleOffshore investors dodging regulators on housing buys: report
A 2010 change in guidelines to limit offshore investors in Australian housing to off-the-plan developments has failed to curb foreign interest in the local market and has led to no prosecutions so far,...
View ArticleECB move may aid Aust borrowers
Australian banks are borrowing at cheaper rates than at any stage since the financial crisis in the wake of the European Central Bank’s move to cut interest rates last week, with Australian homeowners...
View ArticleGoodman lifts earnings outlook
Goodman Group expects operating earnings for the 2014 financial year to rise by 7 per cent to $600 million or 34.7 cents per security, and says it will update analysts tomorrow on the improved...
View ArticleAust house prices among world's highest: IMF
Australian house prices are among the top five most expensive in the world across two closely watched measures, according to the International Monetary Fund.The findings were released as IMF deputy...
View ArticleForeign buyers receiving exclusive Aust property access
Australian homebuyers are being bypassed as sellers look directly to offshore buyers to sell their properties, according to The Australian, with more than 100 real estate firms in China now exclusively...
View ArticleAgents to compete with realestate.com.au
Real estate agents are upset with price hikes from leading online property marketer realestate.com.au and are seeking to challenge the market leader with an offering of their own, according to The...
View ArticleGoodman flags $300m sell-off
Industrial landlord and developer Goodman Group has flagged a plan to sell up to $300 million worth of industrial property over the next year.The announcement follows an earnings upgrade this week on...
View ArticleNew fund is a Capital idea
Listed 360 Capital Group plans to launch a new property securities fund next month called Capital AREIT Fund.Former APN Property Group executive Damian Diamantopoulos will head the fund run by 360...
View ArticleTPG nears $1bn DTZ deal
Private equity firm TPG is nearing a deal to buy DTZ for more than $1 billion and is considering a "significant role" in the real-estate services firm for Brett White, the former chief executive of...
View ArticleUGL finalises $1.215bn DTZ sale
UGL has confirmed the long-gestating sale of its property arm, DTZ, to a private equity consortium including TPG Capital (TPG) for $1.215 billion, but surprised investors with the announcement of a CEO...
View ArticleThe tidal wave of Asian money rushing into Australia’s inner cities
IndustriesPropertyRobert GottliebsenThe inner city residential property development markets of Melbourne and Sydney are experiencing a sudden and spectacular boost. For many Asian and Chinese...
View ArticleNew home starts to hit second-highest point on record
New home building is set to reach its second-highest level on record this year, according to the Housing Industry Association. The body expects new dwelling commencements to increase by 7.1 per cent to...
View ArticleCashed-up UGL considers its options
IndustriesPropertyStephen BartholomeuszA process that began nearly a year and a half ago has culminated in the sale of UGL’s property business, DTZ, to a private equity-led consortium. But that’s...
View ArticleWestfield trust feels proxy pressure
Westfield Retail Trust is facing calls to reveal proxy votes on the controversial deal with Westfield Group ahead of its meeting on Friday with the result still said to be in the balance.WRT’s largest...
View ArticleQIC closes on $555m Sydney tower deal
Queensland Investment Corporation’s Global Real Estate business has moved a step closer to selling its $555 million Sydney landmark, 52 Martin Place, with REST Industry Super targeting what could be...
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