Westfield urged to list in the US
The plan to split Westfield’s global property empire has prompted calls from international investors for the proposed $US17.6 billion ($18.83bn) Westfield Corporation to be listed in the US.The move...
View ArticleForeign property demand may have pushed up house prices: RBA
Some of the increase in foreign demand for Australian housing may have spilled over into price increases, especially for higher-priced dwellings, according to the Reserve Bank of Australia.In its...
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Silence suggests WRT vote is close
DataRoomMergers & AcquisitionsJohn Durie - The AustralianThe almost eerie silence ahead of tomorrows Westfield Retail Trust (WRT) meeting tells you the votes are still too close to call or someone...
View ArticleStockland may not lift Australand offer
Stockland boss Mark Steinert has indicated the company may not increase its $2.5 billion bid for rival property developer Australand to match a higher bid from Singapore.Mr Steinert said Australand was...
View Article'Golden decade' for house prices
One of the country's largest property developers believes house prices will continue to rise for years to come, with the Sydney market set for a "golden decade".Stockland chief executive Mark Steinert...
View ArticleFuture Fund in $1bn joint venture
The $98 billion Future Fund has joined with Dexus Property Group to kickstart an industrial property portfolio with the firepower to reach $1bn of jointly owned assets.The partnership has been seeded...
View ArticleWestfield Group, Retail Trust halted
Shares in Westfield Group and Westfield Retail Trust (WRT) have been placed in a trading halt ahead of a shareholder vote on the proposed $70 billion restructure.Opponents of Westfield's $70 billion...
View ArticleWRT shareholders approve $70bn restructure
Westfield's $70 billion restructure proposal has been narrowly passed, with more than 76 per cent of all votes in Westfield Retail Trust backing the deal.Shares in both Westfield Group and Westfield...
View ArticleUGL to return sale proceeds to shareholders
UGL intends to return proceeds from the $1.215 billion sale of its property group DTZ to shareholders.The company said after the transaction is complete, it intends to pay down debt, then return...
View ArticleMantra gains on ASX debut
Hotel group Mantra rose 2.8 per cent on the first day of trade on the Australian Securities Exchange, following a $239 million initial public offering.Mantra sold 132.8m new shares at $1.80 each in the...
View ArticleThe Westfield result is a vote for common sense
IndustriesPropertyStephen BartholomeuszIn the end, common sense and the will of the majority, with the help of some intense lobbying from the Westfield camp, has prevailed and the clean separation of...
View ArticleForeign investment key to housing market: Property Council
Foreign investment does not price Australians out of the housing market and is critical to getting new developments off the ground, an industry expert says.State and local government bureaucracy,...
View ArticleScentre to tap debt markets in Europe
Newly formed shopping mall heavyweight Scentre Group has moved quickly to capitalise on favourable debt markets by hiring investment banks BNP Paribas and Deutsche Bank to arrange meetings with...
View ArticleForeign buyers lift home prices 10%
Buyer’s agents are warning that acquisitions of Australian property by offshore buyers have added 10 per cent to prices, according to The Australian.Less than a fortnight ago a report revealed that...
View ArticleTrouble in store for Australian retailers
Adapt or Die Knowledge HubRetailRobert GottliebsenWhat I have learned in the last few days will send shivers down the spines of those who have invested in large shopping centres. However I must...
View ArticleEcho forms Brisbane consortium
Echo Entertainment Group has formed a consortium with Chow Tai Fook Enterprises and Far East Consortium (FEC Australia) to prepare a joint proposal to develop an entertainment precinct and integrated...
View ArticleAPN, Newmark buy centre
APN Property Group and Newmark Capital, co-headed by former Hawthorn player and AFL commissioner Chris Langford, have finalised a deal to buy the Lidcombe Power Centre, a retail site in Sydney’s...
View ArticleGrowthpoint raising oversubscribed
Growthpoint Properties Australia’s $125 million equity raising to back the purchase of an office building in Sydney’s Parramatta has closed oversubscribed, reflecting strong demand from investors in...
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Lend Lease sells Bluewater stake
Lend Lease has sold its interest in the UK's Bluewater Shopping Centre in a transaction that will help boost the property group's full-year profit by around 45 per cent.The property group now expects...
View ArticleLeighton looks to sell Devine stake
Leighton Holdings is looking to sell its 50.6 per cent interest in residential property group Devine, after saying this month it would consider divesting some businesses and strengthening its balance...
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