EG Fund Management’s $400m commercial property outlay
Boutique property group EG Funds Management has flagged plans to buy up to $400 million of commercial property this year after striking a deal on an office building near Sydney’s Martin Place.The...
View ArticleFederation Centres, Novion in $11bn merger
Federation Centres and Novion Property Group have entered a merger agreement that will create a $22 billion real estate investment trust.The merged entity will have a market capitalisation of over...
View ArticleClik here to view.
Tony's got it wrong on foreign investment
EconomyChinaPeter CaiClick here to subscribe to the China Spectator daily newsletter.When times get tough, one easy political fix is to turn to nationalism. Our embattled Prime Minister Tony Abbott...
View ArticleBuilding approvals fall from Nov peak
The number of homes approved to be built has fallen in December, but less than analysts expected, official data shows.The Australian Bureau of Statistics data showed the number of buildings approved...
View ArticleA merged Federation will be a formidable force
IndustriesPropertyStephen BartholomeuszIt was Commonwealth Bank’s decision last year to exit the property trust sector and internalise the management of three trusts that opened the door to today’s $22...
View ArticleGandel backs Federation-Novion merger
Melbourne property tycoon John Gandel has emerged as the kingmaker in two of the last major shake-ups of Australia’s retail property industry and few of his rivals are likely to challenge the latest...
View ArticleForeign property buyers under microscope
The federal government is reportedly cracking down on illegal foreign investment in housing, Fairfax Media reports.According to the newspaper, the government will shortly announce new measures that are...
View ArticleMelbourne and Sydney property developers face very different problems
EconomyAustralian NewsRobert GottliebsenAustralia’s largest apartment developer and investor Harry Triguboff must have been smiling when the Reserve Bank lowered interest rates yesterday. Apartment...
View ArticleErrors in new home buyer data: ABS
The slump in lending to first home buyers is not quite as dire as it seemed.The number of loans granted to first home buyers has been under reported since October 2011, the Australian Bureau of...
View ArticleChina business news digest
EconomyChinaStaff ReporterClick here to subscribe to the China Spectator daily newsletter.Your daily digest of the biggest business news in China, translated and summarized every day.Central bank...
View ArticleChina’s largest property developer eyes overseas projects
The Chairman of China’s largest property developer Vanke, Wang Shi, says the company needs to shift 15 to 20 per cent of its total investment abroad to diversify its risk from the property bubble in...
View ArticleMore empty offices in Perth: report
Tumbleweeds are forming along the Terrace in Perth as vacant office space grows.The Property Council of Australia's latest report found the vacancy rate in the CBD was 14.8 per cent in January, its...
View ArticleHome building sector set for 'healthy year'
Australia's residential market boom is set to continue this year, with low interest rates and home construction forward indicators both boding well for the housing sector, the Housing Industry...
View ArticleGandel defends $22bn scrip deal
Melbourne billionaire John Gandel, the kingmaker in a $22 billion merger proposal that would create Australia’s third-largest listed property trust, has defended the deal saying it will create the...
View ArticleClik here to view.
The RBA's spark won't see house prices rocket
EconomyAustralian NewsCallam PickeringWhen the Reserve Bank pulled the trigger on Tuesday, attention immediately shifted to Australia’s property market. Will lower interest rates trigger another round...
View ArticleACCC eyes Federation, Novion deal
The competition watchdog has stepped into the row over the proposed Federation and Novion real estate merger to check on any breach of the merger provisions.The Australian Competition and Consumer...
View ArticleWestfield reaffirms dividend payment
Westfield Corporation expects to pay a second-half distribution of US12.3c, the group said today.The distribution is in line with the guidance Westfield provided last August when unveiling its interim...
View ArticleAV Jennings H1 profit jumps 42%
House and land packages group AV Jennings has lifted its first half profit by 42 per cent and expects even more contracts to be signed than previously forecast.Chief executive Peter Summers said low...
View ArticleDon't rush to pay off that mortgage
IndustriesPropertyMiranda MaxwellPay off your home loan, fast as you can. That’s the iron-clad advice given time and time again to property buyers.That loan is costing you, say, 6.5 per cent, and there...
View ArticleSCA Property doubles H1 profit
Shopping Centres Australia (SCA) Property Group has lifted its full-year distribution forecast after more than doubling its first-half net profit. In the six months to December 31, SCA delivered a net...
View Article