NEXTDC secures $937 million from institutional offer

NEXTDC's (ASX: NXT) massive raise to speed up the development and fit-out of data centres in Sydney and Melbourne has received a firm vote of confidence from institutional investors, raising proceeds of approximately $937 million in the first round before the offer opens up to retail shareholders. Last week the Brisbane-based company founde...

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Centennial takes stake in Parkstone Funds Management in a firming of property partnership

Sydney-based funds manager Centennial has taken an equity interest in Adelaide’s Parkstone Funds Management in the wake of a partnership forged earlier this year for the $107 million acquisition of a Bundaberg shopping centre. Centennial, which manages 85 property assets totalling $2.1 billion, says the move is aimed at targeting more reg...

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WA feature film The Surfer starring Nicolas Cage selected for Cannes

In what has been described as a "massive coup for the filmmakers and for Western Australia", a psychological thriller shot in the state and starring Hollywood superstar Nicolas Cage has been selected for the Cannes Film Festival. Filmed entirely in Western Australia, The Surfer will make its world premiere at the 77th edition of the F...

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"10x in six months": Brisbane startup Xrecruiter opens Melbourne office

A Brisbane-headquartered startup that helps recruiters strike it out solo with their own agencies has witnessed exponential growth since expanding its clientele beyond Queensland in late 2023, now with partners all over the country and recently opening its first physical office in Melbourne. Xrecruiter co-founder Declan Kluver says at...

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Luxury online dropshipper Cettire sees 88pc sales growth, profit fails to keep pace

Luxury online retail marketplace and dropshipping company Cettire (ASX: CTT) has reported an 88 per cent rise in sales revenue to reach $191 million in the March quarter, amidst a similar jump in active user numbers and confirmation of a China market entry by the end of June. The number of active customer users was up 84 per cent at 644,026, im...

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