Frasers heightens Australand pressure
Australand suitor Frasers Centrepoint has thrown down the gauntlet to rival bidder Stockland and the hedge funds that have not sold into its $2.6 billion bid, declaring it will walk away from the offer...
View ArticleGoodman pipeline hits $1bn in Brazil
Goodman Group’s Brazilian ambitions are back on track, with the industrial property giant’s development pipelines in the country reaching almost $1 billion.WTGoodman, the group’s joint venture with...
View ArticleChinese in box seat for Sheraton
City hotels are drawing the attention of global investors with Chinese behemoth Sunshine Insurance Group eyeing Sydney’s Sheraton on the Park for a record $465 million.While Sunshine Insurance — one...
View ArticleHome prices still strong in July: RP Data
Please enable Javascript to watch this videoSydney home prices have risen almost 25 per cent in the last two years but growth is now beginning to ease to more sustainable levels.Capital city home...
View ArticleCBUS looks for $1bn sell-off
Investment heavyweights including GPT Group, Charter Hall Group and AMP Capital are lining up for a slice of CBUS Property’s two prime Melbourne office assets with expectations the buildings will...
View ArticleThe RBA has passed the time for talk
Business SpectatorEconomyCallam PickeringThe Reserve Bank of Australia wants to leave rates unchanged for some time but the only justification is a fear of a housing bubble. The RBA should follow in...
View ArticleFrasers sweats on ‘final’ Australand bid
Frasers Centrepoint’s $2.6 billion takeover of Australand hangs in the balance, with speculation mounting that Stockland might be waiting in the wings with a revised offer for the company if Frasers...
View ArticleFrasers' Australand acceptances still slim
Frasers Centrepoint's $2.6 billion bid to take control of Australand Property Group remains drastically short of its 50.1 per cent acceptance threshold, less than 24 hours from the offer deadline.On...
View Article$1bn Cbus towers close to sale
One of the biggest direct commercial property sales in Australia’s history is underway with GPT and its unlisted stablemate GPT Wholesale Office Fund, and AMP Capital snaring preferred bidder status on...
View ArticleFrasers set to clinch Australand
Singapore's Frasers Centrepoint looks set to clinch its $2.6 billion takeover of Australand as acceptances hit 46 per cent by mid-afternoon.With Frasers’ bid lapsing at 7pm (AEST) today, brokers are...
View ArticleJapara secures $95m debt facility, eyes acquisitions
Nursing home operator and owner Japara Healthcare has signed a three-year syndicated debt facility agreement worth $95 million, which may fund future acquisitions, the company said on Thursday...
View ArticleFrasers takes control of Australand
Singapore's Frasers Centrepoint has taken control of property developer Australand with a $2.6 billion takeover offer.A late flurry of acceptances of Frasers Centrepoint's offer to Australand...
View ArticleCharter Hall seen as likely Investa suitor
The Morgan Stanley-controlled Investa platform has been the subject of constant takeover speculation for months and brokerage UBS has become the latest to weigh into the debate, saying the business,...
View ArticleHousing finance misses forecasts in June
Demand for home loans rose less than expected in June, according to the Australian Bureau of Statistics.Data showed the number of home loans granted in June rose 0.2 per cent in seasonally adjusted...
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Ten business-savvy Australians who found success without a degree
Business SpectatorIndustriesDavid SibenalerThere’s an old adage in university circles that ‘Ps’ (a passing grade) get degrees. Yet it would seem that degrees don’t necessarily get you jobs.Australia’s...
View ArticleAnalyst sees Westfield windfall
While the Frank Lowy-chaired Westfield Corp was forced to delay a debt issue this week, it could reap about $US700 million ($755m) worth of development profits by selling down half stakes in two major...
View ArticleFrasers appoints new Australand directors
Singapore's Frasers Centerpoint has nominated three new non-executive directors to the Australand Property board, following its successful takeover of the ASX-listed property group. Panote...
View ArticleBlundy company bulks up
Australian rich-lister Brett Blundy’s private investment company, BB Retail Capital, is targeting a $60 million bulky goods centre on Queensland’s Sunshine Coast as his funds management empire...
View ArticleCircular Quay site a hot property
Australia's apartment boom could be about to reach new heights with Asian giants circling a series of Sydney’s best office towers for conversion into luxury units.Private equity giant Blackstone has...
View ArticleFrasers stonewalling on Stockland deal
Australand's new parent entity, Singapore’s Frasers Centrepoint, is continuing to play hardball with the company’s second-largest shareholder, Stockland, as relations between the two groups remain...
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