The GPT Group is pleased to announce the establishment of GPT Halverton’s Dutch Active Fund (DAF), following the successful completion of the first equity raise for the Fund. A total of €83 million of equity was raised for the Fund, which attracted a number of institutional European investors.

Rising interest rates will once again haunt the newly elected Labor Government, with speculation the Reserve Bank of Australia will lift the official rate again next month – for the third time in six months.

Allco Principals Investments Pty Ltd (API), a wholly owned subsidiary of the Allco Principals Trust (APT) holds 45,802,729 shares in Allco Finance Group (AFG) as previously advised in the substantial shareholder notice dated 5 April 2007. These shares are secured in favour of four margin lenders.

A new study measuring housing affordability in 227 cities around the world has found that Australia and New Zealand are the least affordable places to buy a home.