Improved residential property market a boon for Stockland

Improved residential property market a boon for Stockland

An improved residential property market has paid off for property developer Stockland (ASX: SGP) at the first quarter of FY20. The beginning of this financial year has seen improvement in residential sales and an increase in comparable retail growth for the group. Stockland managing director and CEO Mark Steinert says the property mar...

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Elanor to launch commercial property IPO

Elanor to launch commercial property IPO

Elanor Investors Group (ASX: ENN) has announced preparations are underway for an initial public offering (IPO) of its commercial property fund. The Sydney-based company says after the IPO the Elanor Commercial Property Fund (ECPF) will own six investment-grade commercial properties valued at approximately $306 million in Queensland, ...

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Ingenia to raise $131 million for future acquisitions

Ingenia to raise $131 million for future acquisitions

Lifestyle and holiday property group Ingenia Communities (ASX: INA) is on the precipice of further expansion following the announcement of a $131.1 million capital raise. Once completed, Ingenia hopes to acquire six new assets, including three established lifestyle communities, which have a total purchase price of $102.7 million. The ...

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Fastbrick Australia enters into strategic partnership with WA home builder

Fastbrick Australia enters into strategic partnership with WA home builder

Robotic wall building company FBR Australia (ASX: FBR) has announced its latest play in Western Australia, partnering with a leading home builder in the state. The group's joint venture with Brickworks Building Products called Fastbrick Australia has entered into a building pilot program with Summit Homes Group. It follows two sim...

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Sydney's Central Park divests retail assets for $175 million

Sydney's Central Park divests retail assets for $175 million

The final three retail assets in the $2 billion Sydney CBD Central Park development have been sold for $174.5 million. A consortium comprising Fortius Funds Management and SC Capital Partners Group acquired the three assets: Central Park Mall, DUO Retail and Park Lane Retail. Central Park Mall, the largest of the three retail assets, ...

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Rural Funds lays cards on the table over contested property valuations

Rural Funds lays cards on the table over contested property valuations

Besieged agricultural land owner Rural Funds (ASX: RFF) has released farm-by-farm property valuations as it seeks to put to bed concerns raised by short seller Bonitas Research and "creative accounting" investigator Bucephalus Research. While most of the attacks rallied against RFF have focused on its structure with responsible ...

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Centuria acquires Brisbane CBD building for $89 million

Centuria acquires Brisbane CBD building for $89 million

Centuria's (ASX: CNI) property funds subsidiary has acquired 348 Edward Street in Brisbane's CBD for $89 million. The Edward Street office building is centrally located, just 60 meters from the Central Railway Station and near the Brisbane Private Hospital, the Brisbane Magistrates Court, and the Queen Street Mall precinct. Th...

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Sydney CBD office sales on the verge of wavering

Sydney CBD office sales on the verge of wavering

The first half of 2019 was a strong period of CBD strata sales, but despite solid fundamentals the market is expected to slow significantly in the coming years. During the first half of 2019 $101.77 million of sales were recorded of Sydney CBD strata stock, but overarching demand levels for purchasing are beginning to show signs of waveri...

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Employment growth to boost Brisbane CBD office market

Employment growth to boost Brisbane CBD office market

Global property consultancy Knight Frank is optimistic about the future of Brisbane's CBD office market. The outlook is positive according to the consultancy's latest CBD Office Market Overview report, with the Brisbane CBD office market to benefit from continued growth in Queensland's economy. Knight Frank says that forec...

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Maxcon appointed for $85 million Adelaide development

Maxcon appointed for $85 million Adelaide development

Building company Maxcon has been appointed to construct the new $85 million Penny Place apartment development in the Adelaide CBD. Located on Angas Street near Victoria Square, Penny Place will comprise 152 apartments, car parking, and a bike store. There will also be a ground floor lobby, residential lounge and kitchen, and a space f...

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Mayfair 101 to revitalise Mission Beach with Dunk Island acquisition

Mayfair 101 to revitalise Mission Beach with Dunk Island acquisition

Australian investment group Mayfair 101 intends to pump over $1.6 billion into Queensland's Mission Beach region over the next 15 years following its acquisition of Dunk Island. The group acquired the Queensland island for $31.5 million, meaning the tourist destination will remain in Australian hands. Dunk Island Resort was put up...

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Centuria to buy Sydney and Perth office properties for $381m

Centuria to buy Sydney and Perth office properties for $381m

Centuria Capital Group's (ASX: CNI) shopping spree continues with the purchase of two office properties in Sydney and Perth for $380.5 million, both in fringe CBD locations with proximity to key transport infrastructure and retail. After acquiring an office building in Adelaide's CBD for $127 million in June, Centuria has now ente...

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Ralan receivers to offload Ruby Apartments

Ralan receivers to offload Ruby Apartments

The collapse of property developer Ralan Group has triggered the sale of management rights for one of the most recent builds on the Gold Coast. Ruby Apartments, a 30-level apartment complex in Surfers Paradise completed less than a year ago, was one of several developments that was left in the lurch by the Sydney-based company's downf...

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Feros Group buys south Sydney property for $15m

Feros Group buys south Sydney property for $15m

Hospitality company Feros Group will soon go from tenant to owner of Highfield Caringbah in south Sydney, following an expressions of interest campaign run by Ray White Commercial NSW. Feros already operates the venues Public House Highfield, The Botanical, Ugly Pizza and Huxley's on the 32 Banksia Rd property, which it recently ...

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$250m property development gets green light from Brisbane City Council

$250m property development gets green light from Brisbane City Council

Brisbane's future commercial property supply has been given boost after the council approved the development application for a $250 million project due to start construction in mid-2020. Consolidated Properties Group says the 15-level office tower will be the first large scale A-grade commercial building planned for the...

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Brisbane's Gambaro family to sell namesake hotel and restaurant

Brisbane's Gambaro family to sell namesake hotel and restaurant

The Brisbane hotel made famous globally for hosting German Chancellor Angela Merkel as a guest during the G20 Summit is now up for sale. Owned by one of the river city's most well-known hospitality families, the 5-star boutique Gambaro Hotel opened in 2014 on the city's lively Caxton Street and was designed by Hirsch Bedner. W...

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The Agency hungry for more acquisitions after Top Level takeover

The Agency hungry for more acquisitions after Top Level takeover

Real estate group The Agency (ASX: AU1) plans to keep expanding despite its latest acquisition raising some financial red flags. The group has announced a capital raise of approximately $4.5 million, which is just higher than the $4.2 million loss it posted in FY19.   Of the amount raised $1.5 million will go toward potentia...

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The Agency defies real estate gloom with revenue boost

The Agency defies real estate gloom with revenue boost

If the results of real estate giant McGrath and industry e-rag Domain are anything to go by, the sector is going through some major turbulence. But that certainly hasn't impacted The Agency (ASX: AU1) which defied the odds in FY19. In spite of the doom and gloom real estate sector that resulted in McGrath posting a $15.6 million l...

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Property market slams McGrath with $15.6 million loss

Property market slams McGrath with $15.6 million loss

A difficult property market has put a strain on real estate group McGrath, posting a net loss after tax of $15.6 million at the end of FY19. Company revenue was down 17 per cent to $82.7 million, and underling EBITDA came in within guidance at $6.4 million. McGrath has blamed its results on "difficult market conditions" whic...

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How to invest in properties to maintain your wealth

How to invest in properties to maintain your wealth

With the housing market and current tax laws creating attractive investment opportunities across most Australian capital cities, conditions may be perfect to look at increasing your portfolio or investing for the first time. Australian banks and lenders have curated a swathe of investment mortgages that can help you increase your asset ba...

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