Property Industry Players Ride For Charity

More than 35 property industry players including former Colliers International chairman Bill McHarg, Jones Lang LaSalle managing director Andrew Wood and Becton chief executive Hamish MacDonald will ride their push bikes from Canberra to Melbourne to raise money for the Starlight Foundation and Monash Newborn Intensive Care Unit.

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Australian Public Trustees to Buy Three Investa Portfolio Properties

Executives at Melbourne-based listed property group Australian Public Trustees will be on every agent’s Christmas card list this year, with speculation the relatively unknown fund manager is formalising a $230 million purchase of at least three east coast office buildings, being sold by the recently delisted Investa Property Group.

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Charter Hall Confirms Purchase of Channel 9 Site in Willoughby & Richmond, Apartments Planned

Charter Hall, one of Australia’s leading property fund managers and property developers has been awarded the exclusive right to negotiate the purchase of the Nine Network’s headquarters in both Sydney and Melbourne following a tender process.

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No Room At The Inn

Residential rental vacancy rates have averaged an all-time low of 1.9% across Australia for the past two and a half years, according to data published today in the Mortgage Choice/REIA Real Estate Market Facts report, September quarter edition.

This compares with a 20-year average of 3.6%. The industry benchmarks anything below a 3.0% vacancy rate as indicative of an undersupply of rental accommodation.

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Macquarie Office Trust Portfolio Update: Solid Rental Growth Across the Portfolio

Macquarie Office Trust (ASX:MOF) today announced an update of the Trust’s activities outlining leasing success and capital management initiatives for the period since 1 July 2007 and providing an outlook supporting continued solid performance from the Trust’s portfolio.

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ANZ Rabinov Property Management To Sell Trust

ANZ Rabinov Property Management Limited (‘ARPML’) as the Manager of the ANZ Rabinov Property Trust (‘the Trust’) has today announced that it will be conducting a strategic review of the continued ownership and management of the Trust. This follows a number of unsolicited approaches from several parties who have highlighted their interest in acquiring the Trust.

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Macarthur Cook Acquires Office Warehouse in Tai Seng

MacarthurCook Investment Managers (Asia) Limited, the Manager of MacarthurCook Industrial REIT ( MI-REIT ), is pleased to announce that MI-REIT, through its Trustee, HSBC Institutional Trust Services (Singapore) Limited, has signed a sale and purchase agreement to acquire an office and warehouse facility in the Tai Seng industrial precinct for a total consideration of $S25.0 million.

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Macquarie Office Announces New Partner at Wachovia Financial Centre, Miami

Macquarie Office Trust (ASX:MOF) and JPMorgan Asset Management – Real Estate (JPMorgan Asset Management), announced today that institutional investors advised by JPMorgan Asset Management acquired a 50 per cent interest in the joint venture which owns the Wachovia Financial Center in Miami, Florida. Macquarie Office Trust retains the other 50 per cent interest in the venture which it originally acquired in 2004 as part of the Principal America Office portfolio.

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Industry calls for Housing Minister in Cabinet

The REIA has called on the Rudd Government to promptly appoint a dedicated Minister for Housing within Cabinet, to reflect the wide ranging socio-economic implications of housing. REIA President Noel Dyett said there was an unprecedented level of interest in housing affordability during the Federal election campaign which had brought the issue firmly onto the national agenda. The REIA looks forward to the Rudd Government implementing its housing affordability policies as soon as possible.

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Affordability lowest on record, set to worsen

It is yet again disastrous news for home buyers, with home loan affordability at its lowest in the 22 years that the Real Estate Institute of Australia (REIA) has published affordability data. The September quarter 2007 edition of the Deposit Power/ REIA Home Loan Affordability Report found that 36.6% of family income was required to meet average home loan repayments.

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Portfolio Weighting Survey Now Available

The Property Council of Australia Portfolio Weighting Survey is a six monthly survey of institutional property funds, which looks at trends in the institutional ownership by sector and geographic region.

The survey tracks the following investments: CBD Office, Non CBD Office, Retail, Industrial, Agriculture, Residential, Listed Property Trusts, International Property, Cash and **Other (including investments in development site, car parks, petrol stations, or units in unlisted trusts).

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