Westfield seen as a takeover target
Westfield Corporation could become a takeover target ahead of the mega mall owner’s expected listing in New York, according to analysts at Moelis Australia.Moelis has pinpointed Simon Property Group...
View ArticleScentre to raise up to $EU2bn debt
Newly formed shopping mall company Scentre Group is opening the book to raise up to $EU2 billion ($2.9 billion) on Tuesday London time, supported by favourable investment interest following a roadshow...
View ArticleScentre raises $3bn in EU bonds
The controversial demerger of Westfield Corp has received a resounding tick of approval from European investors overnight, with new entity Scentre Group raising over $3 billion in European bonds. The...
View ArticleScentre stage to the search for yield
DataRoomEquity Capital MarketsStephen BartholomeuszThe extraordinary demand for Scentre Group’s initial debt raising tends to illustrate quite emphatically what the Federal Reserve Board’s Janet Yellen...
View ArticleFrasers gets FIRB tick for Australand
Singapore’s Frasers Centrepoint has received approval for its Australand Property Group bid from the Foreign Investment Board Approval, bringing it closer to full control of the local developer.The...
View ArticleLand shortage boosting house prices: CIS
Strong housing prices are the result of strong fundamentals and government policies that have boosted demand without addressing supply barriers, and do not imply a bubble, according to a new Centre for...
View ArticlePropertyLink eyes Valad assets
Fast-growing private property group PropertyLink is looking to further stock its industrial holdings, with speculation mounting that Valad’s $145 million portfolio could whet its appetite.PropertyLink...
View ArticleACCC eyes online property sector
The competition watchdog will investigate the billion-dollar online property sector on the back of a string of complaints about competition issues, The Australian reports. According to the newspaper,...
View ArticleDomain to buy All Homes
Fairfax Media's Domain Group will pay $50 million for online property website All Homes as it ramps up its pursuit of market leader RealEstate.com.au.Canberra-based All Homes serves more than 180 real...
View ArticleAMP Capital in $NZ1bn property sell-off
AMP Capital Investors has agreed to sell 18 New Zealand properties worth more than $NZ1 billion ($A930.97 million) to Canada's Public Sector Pension Investment Board.The sale, which is subject to...
View ArticleForeign property demand easing: NAB
Foreign buyers' demand for Australian property eased in the June quarter to the lowest point in two years, according to the National Australia Bank's residential property survey.NAB found the overall...
View ArticleCSR upbeat on housing growth
CSR is upbeat on the outlook for the rest of its financial year to March 2015, boosted by strong growth in building approvals for detached and multi-residential housing in a buoyant property...
View ArticleThe case for retirement villages, on behalf of the 98 per cent
IndustriesPropertyMary WoodWe know that 98 per cent of the residents who live in retirement villages in Australia would strongly disagree with Alan Kohler's views on the retirement village industry,...
View ArticleHousing finance flat in May
The demand for home loans was flat in May against expectations of a fall, according to the Australian Bureau of Statistics.The data showed the number of home loans granted in May held broadly steady in...
View ArticlePlan for capital market panic: ACFS
There is "significant danger" of panic and a substantial fall in capital markets during the US Federal Reserve's unwinding of its loose monetary policy, according to the Australian Centre for Financial...
View ArticleElanor makes solid debut
Shares in Elanor Investors Group gained 2 per cent on the first day of trade on the Australian Stock Exchange.The owner of the Peppers Cradle Mountain Lodge in Tasmania, a Mantra hotel at Wollongong...
View ArticleHow investors burned a hole in the housing market
EconomyAustralian NewsCallam PickeringLending growth continues to moderate, suggesting that the housing market will soon reach its cyclical peak. Unfortunately, with owner-occupier and investor...
View ArticleChina’s corruption crackdown could deliver a blow to Australia’s property...
IndustriesPropertyRobert GottliebsenChinese and other Asian investors have been a major force in driving the price of dwellings in Sydney and Melbourne to high levels.If the Chinese were to suddenly...
View ArticleHome buyers could be better off renting: RBA
The average home buyer would be better off renting if house price growth slows below its long-term average, according to the Reserve Bank of Australia. The central bank said if real house prices...
View ArticleSingapore float set to rock Aust hotel market
The launch of Frasers Hospitality Trust in Singapore could see a new portfolio of Australian hotels worth more than $500 million change hands.The group has just raised $S365.2m ($313.5m) in a float...
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