Dexus launches $2.5bn bid for Investa
Property management firm Dexus has entered merger talks with Investa Office Fund, offering an implied price that would value the target company at more than $2.5 billion.The implied per unit price of...
View ArticleMcGrath shares fall on debut
McGrath Limited shares have fallen on debut, despite pricing at the upper end of the range in the company's $129.6 million initial public offering.At the end of trade (AEDT), McGrath shares were down...
View ArticleCIC signs up with Mirvac
China’s sovereign wealth fund, China Investment Corp, has agreed to have its freshly purchased Investa assets managed by Mirvac Group, in a move that will further shake up Australia’s commercial office...
View ArticleInvesta exit gets messy
Morgan Stanley’s exit from the $8.9 billion real estate giant Investa Group looks set to end in high drama, with Dexus’s $2.5bn bid for Investa Office Fund expected to draw a competing offer in the...
View ArticleDexus' move for Investa fund has a way to go
Dexus Property Group chief Darren Steinberg is right at home at the negotiating table -- but his latest mega-deal, to merge with the Investa Office Fund, has some way to go. After a pursuit of more...
View ArticleMcGrath price tumbles
McGrath is likely to be in crisis talks after a second day of falls shaved almost 20 per cent off its listing price, amid speculation the group’s largest investor offloaded its shareholding upon...
View ArticleAre retirement village exit fees lose-lose?
Like toll roads, your gut might tell you that retirement villages make an easy motza for the owner and operators.Australia’s swelling numbers of retirees are a tantalising prospect, with an estimated...
View ArticleVacant properties soar in Victoria
Nearly one-fifth of all investor-owned residential properties in Melbourne lie vacant, as the number of vacant properties leapt 28 per cent in Victoria last year, The Australian Financial Review...
View ArticleHome loan approvals fall in October
Home loan approvals sank for the first time in five months in October, although by not as much as analysts had expected.The number of approvals dipped 0.5 per cent in the month, against analyst...
View ArticleDevine recommends CIMIC offer
Devine’s independent directors have unanimously recommended a revised takeover offer from CIMIC, paving the way for the suitor to obtain full control after a lengthy and protracted battle.The...
View ArticleBoE newly concerned over UK property
Bank of England officials signaled fresh concern on Wednesday about some sections of the UK real-estate market, saying they're prepared to step in to curb lending if financial stability is threatened...
View ArticleSheraton, Hilton on market for $1.5bn
A string of landmark hotels, including Sydney’s Sheraton Four Points and Melbourne’s Hilton DoubleTree, will be placed on the market as M&L Hospitality offloads its $1.5 billion-plus Australian and...
View ArticleLJ Hooker eyes Barry Plant deal
Real estate chain LJ Hooker is in negotiations to buy at least part of Melbourne agency Barry Plant Group ahead of an expected $400 million initial public offering next year.The move is part of a wave...
View ArticleGoodman portfolio adds $600m
Goodman Group expects its property portfolio will have added more than $600 million in value by the time it releases interim results.The property developer said the valuation gains will be "over and...
View ArticleThe housing boom is over, what's in store for 2016?
A housing boom was always part of the rebalancing plan. When the mining boom was strong, interest rates were lifted to hold back the housing sector. This helped to make way for the mining upswing...
View ArticleIOF chief dismisses pleas on Dexus deal
Tensions are rising over Dexus Property Group’s $2.5 billion merger bid for listed rival Investa Office Fund, with fund staff voicing their opposition to the deal.A letter, revealed online by The...
View ArticleSydney market favours sellers
Sydney's heated housing market continues to favour those seeking to sell, the latest Commonwealth Bank survey says.The Commonwealth Bank CoreLogic RP Data Home Buyers Index says national property...
View ArticleFocus on Investa as offers loom
Investa Office Fund is expected to remain under scrutiny this week, with suggestions groups such as Charter Hall, Cromwell or private equity firm Blackstone may lob offers by next Monday to rival the...
View ArticleVicinity plots portfolio shake-up
Shopping centre giant Vicinity Centres has identified up to $1 billion of non-core properties that it could sell as part of its plans to shake-up its $22 billion portfolio.The company -- which was...
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Perth property owners brace for more pain
Perth property owners are bracing for a turbulent year as rising unemployment, falling house prices and an oversupply of rental properties creates a perfect storm.Slowing population growth and a large...
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