GPT to fund Sydney CBD buyout through $800M capital raising

GPT Group (ASX: GPT) is poised to acquire more than 100,000sqm of prime Sydney office space after it completes a sizeable $800 million institutional placement. GPT aims to take a 25 per cent stake in the Darling Park 1 and 2 office complexes plus Cockle Bay Wharf dining and retail precinct...

GPT to fund Sydney CBD buyout through $800M capital raising

Business News Australia reports on business news, trends, and profiles for Sydney business owners, executives and entrepreneurs.

The programmatic ad platform to give Silicon Valley a run for its money
The programmatic ad platform to give Silicon Valley a run for its money

Programmatic advertising forms the bedrock of most publishers in 2019. Major rags, websites and blogs have all...

Jenny Hutson sidekick avoids jail
Jenny Hutson sidekick avoids jail

A former director of Wellington Capital found guilty of giving false or misleading information has been ...

AGL walks away from Vocus takeover
AGL walks away from Vocus takeover

AGL Energy (ASX: AGL) had four weeks to conduct its due diligence for a potential takeover of Vocus (ASX: VOC),&nb...

Will Australia become Asia's 'clean green' medicinal cannabis supplier?
Will Australia become Asia's 'clean green' medicinal cannabis supplier?

From powdered milk to multivitamins to fresh fruit, Australian and New Zealand products command a health premium i...

ANZ sacks NZ chief citing "concerns" over transactions
ANZ sacks NZ chief citing "concerns" over transactions

Australia and New Zealand Banking Group (ASX: ANZ) has announced its New Zealand business CEO David Hisco (pi...

Honey Birdette hits back: 'There will be nipples. And plenty of them'
Honey Birdette hits back: 'There will be nipples. And plenty of them'

Multinational lingerie brand Honey Birdette has launched a new "Red Alert" ad campaign to fight against ...

Losses deepen for McGrath but can new CFO turn the tide?
Losses deepen for McGrath but can new CFO turn the tide?

A new CFO will soon fill the void left by the departure of Glynn Wright at listed property company McGrath (ASX: M...

Australian Property Institute backs LandMark White
Australian Property Institute backs LandMark White

The property industry's professional organisation has come out in support of LandMark White (ASX: LMW) followi...

Wesfarmers to buy online retailer Catch Group for $230m
Wesfarmers to buy online retailer Catch Group for $230m

Perth-based Wesfarmers (ASX: WES) is entering new territory in e-retail through an agreement to buy Catch Group, a...

The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah
The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah

Fund manager Blue Sky Alternative Investments (ASX: BLA) ended its 7.5-year run on the ASX after going into receiv...

Construction entrepreneur thinks outside the box
Construction entrepreneur thinks outside the box

On the back of projects ranging from office fit-outs to schools to nightclubs, Chapcon Design & Construct is g...

Afterpay to raise $330m for US expansion
Afterpay to raise $330m for US expansion

Shares in Australian fintech Afterpay (ASX: APT) have entered a trading halt amidst the announcement of a $330 mil...

Booktopia turns a new page after failed crowdfund attempt
Booktopia turns a new page after failed crowdfund attempt

Online bookseller Booktopia is looking for new investment sources after an ambitious crowdfunding scheme failed to...

The Star's growth dims as the financial year closes in
The Star's growth dims as the financial year closes in

Growth revenue is softening for The Star Entertainment Group (ASX: SGR) due to various challenges faced by the com...

Companies

AGL walks away from Vocus takeover
AGL walks away from Vocus takeover

AGL Energy (ASX: AGL) had four weeks to conduct its due diligence for a potential takeover of Vocus (ASX: VOC),&nb...

Property

GPT to fund Sydney CBD buyout through $800M capital raising
GPT to fund Sydney CBD buyout through $800M capital raising

GPT Group (ASX: GPT) is poised to acquire more than 100,000sqm of prime Sydney office space after it completes a s...

Opinion

Are businesses taking the threat of cybercrime seriously?
Are businesses taking the threat of cybercrime seriously?

The news that Australian National University suffered from a massive hack, seeing 19 years of data stolen made hea...

Leadership

Showpo's general manager steps down with a touching farewell
Showpo's general manager steps down with a touching farewell

The general manager of Australian online fashion retailer Showpo Alex Durkin (pictured left) has stepped down from...

Entrepreneurship

The programmatic ad platform to give Silicon Valley a run for its money
The programmatic ad platform to give Silicon Valley a run for its money

Programmatic advertising forms the bedrock of most publishers in 2019. Major rags, websites and blogs have all...

Technology

The programmatic ad platform to give Silicon Valley a run for its money
The programmatic ad platform to give Silicon Valley a run for its money

Programmatic advertising forms the bedrock of most publishers in 2019. Major rags, websites and blogs have all...

Uber comes out on top in Fair Work investigation
Uber comes out on top in Fair Work investigation

The results of an investigation conducted by the Fair Work Ombudsman is sure to have Uber smiling, with the watchd...

Finance

ANZ sacks NZ chief citing "concerns" over transactions
ANZ sacks NZ chief citing "concerns" over transactions

Australia and New Zealand Banking Group (ASX: ANZ) has announced its New Zealand business CEO David Hisco (pi...

Marketing

The programmatic ad platform to give Silicon Valley a run for its money
The programmatic ad platform to give Silicon Valley a run for its money

Programmatic advertising forms the bedrock of most publishers in 2019. Major rags, websites and blogs have all...

Executive Lifestyle

TRAVLR partners with 8common on business and leisure travel platform
TRAVLR partners with 8common on business and leisure travel platform

Listed fintech group 8common (ASX: 8CO) has tapped travel disruptors TRAVLR to assist in the development of a new ...

Conference And Events

Inside Australia's top venues offering exclusive deals on conferences, meetings and events
Inside Australia's top venues offering exclusive deals on conferences, meetings and events

Whether on Brisbane's riverside, the sunny Gold Coast or in the heart of Melbourne's bustling CBD, each of...

Video

HOW KATE MOSS AND A SENSE OF SENSE OF HUMOUR HELPED AN ENTREPRENEUR TO LAND A DEAL ON SHARK TANK
HOW KATE MOSS AND A SENSE OF SENSE OF HUMOUR HELPED AN ENTREPRENEUR TO LAND A DEAL ON SHARK TANK

WITH a tried and tested family golden ginger cookie recipe, a sprinkle of sarcasm and a background in marketing an...

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