MARKETS SPECTATOR: Stockland stocks sale
Business SpectatorMarketsBrett ColeIndividual investors will be able to buy as much as $100 million of Stockland stock at $3.88. At 1328 AEST the property company’s shares were trading down 14 cents,...
View ArticleWestfield in talks to sell US malls
Westfield Group is taking steps to sell seven of the malls it owns in the United States to US investment firm Starwood Capital Group for more than $US1 billion, according to The Wall Street...
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MARKETS SPECTATOR: Adelaide Brighton flight
MarketsASXBrett ColeAdelaide Brighton shares have fallen as much as 4.3 per cent today after the building materials company warned of weak demand prompting its stock to be downgraded by Citigroup.At...
View ArticleUS home sales, prices rise in April
AAPSales of new United States homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, in further signs housing is...
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MARKETS SPECTATOR: Cromwell's conquest
MarketsASXBrett ColeCromwell Property Group has sold $250 million of shares overnight to fund the purchase of seven office buildings from the NSW government, three in central Sydney and four outside...
View ArticleCrown eyes casino Plan B
If the New South Wales (NSW) government rejects Crown Ltd's bid to build a luxury hotel and casino in Sydney, the James Packer-owned gaming company may set its sights on challenging rival Echo...
View ArticleThe unwelcome home sign
Business SpectatorEconomyStephen KoukoulasHouse prices are falling again. If these falls are the start of a new trend lower rather than just a bit of a blip, it could be a very unpleasant signal that...
View ArticleWestfield confident on exec pay
AAPWestfield Group Ltd is confident its shareholders will approve its remuneration report at its annual general meeting this week, despite a push from the Australian Shareholders' Association (ASA),...
View ArticleBecton hits back at Olney-Fraser board seat bid
By a staff reporterThe lending constortium for the failed Becton Property Group Ltd has threatened to put the group into administration if corporate raider Mariner Corporation Ltd continues its push to...
View ArticleGPT cans Australand bid
By a staff reporterGPT Group Ltd has pulled its fresh bid for Australand Property Group Ltd's commercial and industrial business, six months after its $3 billion takeover offer for its rival was...
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BREAKFAST DEALS: Deserted Australand
IndustriesPropertyAlexander Liddington-CoxGPT Group has pulled up stumps – it won’t be doing a deal with Australand Property Group. Where to now for Australand and major shareholder CapitaLand?...
View ArticleUS home prices jump higher
AAPUnited States home prices have posted the largest annual gain since 2006 in fresh evidence that the housing recovery is gaining traction, according to a closely watched report just released.The...
View ArticleHouse prices hail America's rebuild
Business SpectatorEconomyStephen KoukoulasThe uneven economic growth performance in the US was tilted to the positive side overnight with confirmation that house prices continue to climb out of the mud...
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Housing affordability lifts in March quarter
By a staff reporterHousing affordability improved again in the March quarter, driven by easing mortgage lending rates and subdued house price developments.The Housing Industry Association of...
View ArticleCapital city house prices fall in May: RP Data
By a staff reporterThe value of houses across Australia’s capital cities fell in May on the back of lower consumer confidence, according to RP Data-Rismark.The RP Data-Rismark index dropped for the...
View ArticleGPT to set up suburban, industrial funds
GPT Group will set up a new office fund focusing on suburban assets, while an industrial property fund is also in the pipeline, The Australian Financial Review reports.According to the newspaper, the...
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Federation strengthens its centre
IndustriesPropertyStephen BartholomeuszThe remaking of Federation Centres and its shift towards a very different business model is continuing at a frenetic pace.Federation, the former Centro Properties...
View ArticleFederation Centres offloads $602m in property to Challenger
By a staff reporterFormer Centro Properties Group, Federation Centres Ltd (FDC), will sell 50 per cent of its interests in a property portfolio of six assets to Challenger Ltd for $602 million.In a...
View ArticleNo regrets over Australand: GPT
GPT Property Group Ltd's managing director Michael Cameron has no regrets about the entity's failed $3 billion play for Australand Property Group Ltd's commercial and industrial business, The...
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MARKETS SPECTATOR: AREIT appeal
IndustriesPropertyBrett ColeThe S&P/ASX200 Real Estate Index has slid 11 per cent since May 21 as investors have taken profits on yield stocks such as real estate investment trusts.Amanda Skelly at...
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