Blackstone spends $2.1b for stake in logistics portfolio
Blackstone, via its Core+ Real Estate strategy in Asia, will pay $2.1 billion for a 49 per cent stake in
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Ampol servos collect $73.5m
Charter Hall has snapped up a 49 per cent stake in another portfolio of Ampol service stations. The 20 assets
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Qualitas seeks to float
Qualitas, founded in 2008 by Andrew Schwartz and owned in equal part with backer Trawalla Group, directed by Alan and
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Adairs snaps up Focus on Furniture
Adairs has snapped up smaller rival Focus on Furniture for $80 million. The deal gives the buyer control of 23
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The Agency awarded $212,000 for false administration move
The federal court yesterday ordered a former The Agency board member pay $212,269 to the property broker for wrongly putting
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Macquarie beefs up BTR presence
Macquarie Asset Management has invested in a Build to Rent company, Local, established by ex-Scape and Grocon acquisition manager Matthew
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Damien Frawley joins Mirvac board
Mirvac Group has appointed outgoing Queensland Investment Corporation chief executive officer Damien Frawley as non-executive director of the board. The
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Kylie Rampa appointed QIC CEO
Queensland Investment Corporation has appointed Kylie Rampa – who was raised in the state – as chief executive officer. Ending
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Blackstone makes $1.7b play for DALT stake
Blackstone is looking to take out a 49 per cent stake in the $3.5 billion Dexus managed Australian Logistics Trust
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Aventus, HomeCo REIT proposed to merge
Aventus (AVN), co-developed in 2004 by Brett Blundy and Darren Holland, and listed six years ago, is intending to merge
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Ampol offers portfolio of surplus servos
Ampol is selling a portfolio of 18 service stations. The bulk are in regional locations in east coast states including
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Nick Scali buys Plush
Nick Scali has purchased rival sofa retailer Plush from Greenlit Brands. The $103 million deal will see the buyer control
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Growthpoint invests again in APN fund
Growthpoint Properties Australia is seeking to acquire 14.74 per cent of new securities for the APN Industria REIT (ADI). The
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Charter Hall bids for ALE Property Group
Charter Hall – for its Long WALE REIT (CLW) and a trust managed for Hostplus – has entered a Scheme
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HealthCo REIT soars on debut
Home Consortium’s HealthCo Healthcare & Wellness REIT (HCW) listed today. Units in the fund closed at $2.32 – or 16
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Redcape proposes to delist
Postscript: shareholders voted to delist on September 10. Redcape Hotel Group directors have proposed to delist with a $247 million
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GPT acquiring Ascot industrial, office portfolio
The GPT Group is paying Ascot Capital $681.7 million for a portfolio of 24 investments. Containing a total lettable area
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ESR pays $7.1b for ARA AM
Hong Kong listed ESR is paying $7.07 billion (US$5.2b) for Singapore’s ARA Asset Management. The deal will see the buyer
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Office vacancy hits highest rate since 1996
The office vacancy rate across Australia’s 18 key markets has increased since January to 11.9 per cent – the highest
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Lendlease sells Services business
Lendlease has sold its Services business for $310 million. The group said the deal is part of a strategy to
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ESR becomes Australia’s third largest industrial owner
ESR Australia today settled on a $3.8 billion purchase of 45 industrial investments – the Milestone collection – and a
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Investa appoints new chief executive
Investa has appointed Peter Menegazzo as the group’s chief executive officer, effective July 1. The businessman will replace Jonathan Callaghan
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Australian Unity, Dexus form healthcare partnership
Dexus has made a $180 million cornerstone investment in the Australian Unity Healthcare Property Trust. As part of the partnership,
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Charter Hall Long WALE fund value lifts
A Charter Hall trust – responsible for about a tenth of the group’s funds under management – has recorded a
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CIP value increases $285m
Centuria is being rewarded for its decision to counter-cyclically invest in its Industrial REIT (CIP). Following a revaluation of its
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GIC to open Australian office
Singapore sovereign wealth fund GIC will open an Australian office next year. The landmark Chifley Tower, in Sydney – which
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Samsung Life acquires 25pc of Savills IM
Samsung Life and its real estate asset management subsidiary Samsung SRA have snapped up a 25 per cent stake in
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Fife spends $200m on Buckeridge portfolio
Fife Capital is reportedly paying $200 million for a portfolio of industrial, office and residential investments. The 39 properties were
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Metropolitan office markets outlook, 1H2021: Colliers
Twelve months ago, the Australian office workforce was very much settled into the work-from-home routine and many questions were being
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Centuria makes takeover bid for Primewest
Two major real estate platforms – the ASX-listed Centuria Capital Group and Primewest – are proposing to merge. If successful,
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