Stockland to Cut its Losses and Sell Altona North Warehouses
Stockland will cut its losses and sell a portfolio of near-new industrial warehouses for about 15 per cent less than the price it paid two years ago.
Read moreStockland Leases Part of Reg Hunt Oakleigh Facility
Stockland is believed to have found a tenant for part of an Oakleigh warehouse facility it bought in 2006, as part of a $120 million industrial portfolio from former car dealer Reg Hunt.
Read moreStockland Streamlines Business Structure to Leverage Market Synergies
Stockland today announced changes to its executive management team and organisational structure, as it focuses on delivering growth in its portfolio and further strengthening its capital partnering initiatives.
Read moreSteve Mann Quits Stockland
Steve Mann, head of Stockland’s Office and Industrial business today announced that he would be leaving Stockland.
Read moreStockland Sells South Australian Shopping Centre For $87.5 Million
Stockland today announced the $87.5 million sale of its Stockland Parabanks shopping centre, as it looks at re-investment opportunities in key strategic growth areas.
Read moreStockland Swaps North Sydney Tower for Sydney CBD Office Building
Stockland has successfully finalised the $450 million swap of its mixed use Northpoint building in North Sydney, for a Castlereagh Street office building in the Sydney CBD.
Read moreStockland Buys South Yarra Apartment Development Site for $26.25 Million
Stockland today announced it had acquired an apartments development site at 2-4 Yarra Street, South Yarra for $26.25 million, strengthening its presence in the Melbourne residential market.
Read moreStockland Delivers Another Record Result
�� Confirms FY08 guidance of 5% EPS growth
Stockland delivered a strong performance for the half year ended 31 December 2007
(1H08), recording a net profit attributable to security holders of $672.5 million, including
property revaluations and other non-operating items.
HEADLINE RESULTS
�� Operating profit* increased by 10.7% to $324.6 million.
�� Earnings per security* increased by 4.2% to 22.4 cents
�� Dividend/distribution per security increased by 5.1% to 22.6 cents#
* (before certain significant items)
Stockland Sells Shares in New Zealand Retail Assets
Stockland today announced the sale of its 50 per cent interest in three New Zealand shopping centres to AMP New Zealand Property Retail Limited (AMP) for A$322 million, as it looks at re-investment opportunities in key strategic growth areas in Australia and the UK.
Read moreStockland Halladale Acquire Edinburgh Development Site For £21.25 Million
Stockland Halladale, the recently established diversified property group created through the acquisition of Halladale Group plc by Stockland, announces it has agreed to purchase 3-8 St Andrew Square, Edinburgh, for £21.25M.
Read moreMirvac beats Stockland for 56ha Melbourne housing site
Mirvac has purchased a 56 hectare residential development site in Melbourne’s south east. Chief executive officer, Victorian Development, Greg Collins,
Read moreStockland to Start Developing Tooronga Village Site in 2008
DEVELOPER Stockland hopes to start demolition on its high-profile Tooronga Village shopping centre, and associated car park by the end of the year, after a consultation period regarding the controversial site lapsed. The development is expected to receive a sign-off from the minister soon.
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Cadence, CapitaLand trade $102m distribution centre
EXCLUSIVE CapitaLand Ascendas REIT has quietly sold a major Brisbane industrial investment held a decade. Charlie Buxton’s Cadence Property Group
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Investor buys McDonald’s from IP Generation “sight unseen”
Chris Lock’s IP Generation, since May owned by MA Financial, has sold a McDonald’s restaurant carved from the Glendale Shopping
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Avid spends $114m on Huntley site
Avid Property Group – the local arm of US based Proprium Capital Partners – has paid $114.46 million for the
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Port Adelaide business park trades for $216m
Quintessential has sold the landmark Port Adelaide Distribution Centre after six years, saying “knowing when to exit is just as
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Dexus sheds Fishermans Bend industrial estate
Dexus has sold another asset from the Wholesale Property Fund. The 1.7 hectare Aquatica Business Park (outlined, top), in Port
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Operators trade Mornington Peninsula retirement community
IP-Living has swooped on a profitable aged care facility on 3.65 hectares on the Mornington Peninsula. Baptist Village Vaxter, with
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Coles picks up growth corridor town centre site
Coles Group has snapped up a permit-ready town centre site in Melbourne’s south east. In a deal worth just under
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Indigenous Business Australia divests FNQ mall
A Far North Queensland Coles anchored shopping centre has sold for $34 million. Indigenous Business Australia on behalf of the
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Elanor fund sheds final mall
Elanor Investors Group has sold the last asset from its Property Income Fund. Shopping centre Gladstone Square, 100 kilometres north
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Prominent Townsville car yard sells on third attempt
A prominent car yard a kilometre from the Townsville town centre has sold on its third attempt since 2022. Covering
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Frasers, Morgan Stanley seed industrial venture with eight assets
Frasers Property Industrial – controlled by Thai billionaire Charoen Sirivadhanabhakdi – today announced its first Australian capital partnership, choosing Morgan
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Aged care providers trade $50m Melbourne village
Andrew Philip has sold the last asset held by RCA Villages, which he created in 2008 after holding senior positions
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Redcape snaps up Maeva pub portfolio, 128 EGMs
Redcape has added four Sunshine Coast pubs and 128 electronic gambling machines to its book via a deal for Maeva
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Interstate self-storage group secures Melbourne site
Adelaide based Storage Investments Australia has paid $5.9 million for a growth corridor Melbourne block. The builder, manager and operator
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Lendlease eyes Sydney office for apartments
Lendlease is believed to be back in negotiations for a prominent CBD office permit-ready for a two-tower residential project. The
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Growth corridor sales office fetches $3.7m for Mirvac
Mirvac has sold the two storey display suite for its Smiths Lane housing estate in Melbourne. The leaseback deal with
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Melbourne developer buys maiden regional Queensland site
Stockland has sold the balance of the incomplete North Shore housing estate at Burdell, in Townsville’s north west. The 900
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Revelop secures another NSW mall
Charter Hall has sold another asset from the Retail REIT (CQR). Lake Macquarie Square at Mount Hutton near Newcastle fetched
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JV spends $100m for Brisbane business park
The recently formed KM Property Funds and PGIM Real Estate joint venture has secured another major investment. Following an off-market
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Seniors living: the accommodation options
The Australian seniors living sector is a rapidly evolving industry driven by the aging population, government policies, and growing demand
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Japanese office investor lines up $600m Sydney skyscraper
Tokyo listed office focused investment house, Daibiru, is seeking to buy a Sydney CBD asset, only half which was for
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Singapore fund divests Wollongong mall
Singapore listed Paragon REIT and MA Financial have divested a regional shopping centre for a touch over book value but
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Thai developer strikes major housing estate portfolio deal
The country’s home building landscape is set for another major change with Bangkok-controlled Supalai Australia Holdings, in partnership with Stockland,
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ISPT sheds another mall stake
ISPT is selling a half stake interest in another shopping centre – this time in a Melbourne growth corridor. The
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Queensland convenience retail deal reflects yield softening
A modern convenience retail complex leased to two Collins Foods Ltd brands sold for $7.9 million – $60,000 less than
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Melbourne fund manager buys landmark Queensland mall
Melbourne based fund manager Fawkner Property has added to its Far North Queensland portfolio following an off market deal for
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Billionaire, ASX fund secure next Kmart HQ
In a significant lease deal, Kmart will relocate its Australian headquarters to an office abutting a shopping centre in Melbourne’s
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ISPT offloads Northern Beaches mall
ISPT has sold a Northern Beaches shopping centre for about $60 million – the price it paid nearly 10 years
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Riverside Parramatta plot sells off-market
An under-utilised predominantly vacant office occupying a prime riverside spot in Parramatta’s CBD has sold off-market. The result for 60
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SCentre usurps IP Generation for Adelaide mall stake
SCentre has teamed with Barrenjoey Capital Partners for a half stake in Adelaide’s Tea Tree Plaza and adjoining Tea Tree
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Liven snares another LLC site
GreenFort Capital and Gaw Capital have secured a second site for their over-50s land lease business, Liven Communities. The amalgamation
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Landmark Blacktown mall selling for $900m
Haben, founded in 2009 by father and son Harold and Ben Finger, is teaming with one of the world’s biggest
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Brunetti owner buys cafe, factory from landlord
EXCLUSIVE Brunetti Oro owner Yuri Angele has bought a sizeable inner north restaurant and commercial kitchen from his landlord of
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Henley buys final piece of west Melbourne farm
EXCLUSIVE Henley Homes has snapped up the final piece of a farm marketed as one of the last significant low
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Clarence divests near-new childcare centre
Clarence Property has sold a Brisbane growth corridor childcare centre it completed early last year. The 154-place asset at Ripley,
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Melbourne fund manager scoops up NSW mall
Stockland is selling Chris Lock’s IP Generation a regional New South Wales shopping centre it developed 28 years ago. Worth
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Developer digs deep for ex-Marine Hotel
The Buxton family’s retirement living arm has snapped up Brighton’s former Marine Hotel, behind the Church Street shops, for a
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Centuria divests two west Sydney malls
Centuria has sold two west Sydney neighbourhood shopping centres picked up when it took over Primewest – all up for
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Melbourne fund manager secures enormous dairy farm
Prime Dairy, an agricultural fund manager held by Prime Value Asset Management, is paying $15 million for a north west
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Lease assigned for major car storage facility
A landmark vehicle storage facility spreading 8.68 hectares across two Melbourne streets has been assigned between providers. The 18 month
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Melbourne fund manager secures another regional mall
Melbourne fund manager Fawkner Property is continuing to boost its regional retail portfolio, this time with another asset from Stockland.
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Jesuits sell Melbourne youth centre to developer
EXCLUSIVE Jesuit Social Services has quietly sold a prominent inner north Melbourne youth centre to local developer Milieu. The Brosnan
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NRL scores another hotel
The Australian Rugby League Commission has bought its third hotel in 18 months – this time on the Sunshine Coast.
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Equinox lists Bass Coast, Yarra Valley land lease communities
Two relatively small investment grade land lease communities just outside Melbourne’s outskirts have been listed. At Grantville and Healesville, the
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Charter Hall banks premium for Vic, SA malls
Charter Hall has quietly sold two shopping centres after 10 years. In the biggest deal, the manager, on behalf of
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Haben buys balance of Queensland shopping centre
Harold and Ben Finger’s Haben has quietly snapped up the half-stake interest it didn’t control in Stockland Townsville. Also including
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Syndicate snares farm abutting Western Sydney International
A gateway industrial development site at the south west tip of the Western Sydney International Airport, which is under construction,
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Fund managers swoop on Bundaberg shopping centre
QIC has sold Bundaberg’s Hinkler Central for $107 million – a modest paper loss on the $110m it paid eight
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Lendlease divests Port Macquarie’s biggest mall
Lendlease has offloaded another asset in its open-ended unlisted convenience retail based Sub-Regional Retail Fund. Settlement City, Greater Port Macquarie’s
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ESR buys into Badgerys Creek
ESR Australia has forged into the burgeoning Badgerys Creek industrial market, snaring a 17 hectare site for $70 million. On
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Major Beveridge housing estate sites hit the market
Two major housing estate sites at Beveridge – which has had a raised profile since the federal government recently acquired
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Shakespeare checks out of Canberra hotel
Sydney based fund manager Serene Capital has snapped up an office converted hotel, five kilometres south of Canberra’s parliamentary precinct
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IJ Capital swoops on ex-Woolies with bigger development plan
Ray White Capital and State Development Corporation have sold a central Toowong site permit-ready for a $450 million project to
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Two buyers swoop on new convenience retail investment
Arise Developments has sold two new neighbouring convenience retail investments – part of a master-planned town centre in the Whiteman
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Bank lists proposed Porter Davis housing estate
The Commonwealth Bank of Australia, as receiver for some of Porter Davis’ properties, has listed a low density residential development
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Pellicano banks $20m selling down bulky goods investment
Pellicano Group has sold the last of five subdivided assets created out of a Sunshine Coast bulky goods centre it
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Petrol tsar buys Broadmeadows Central stake
Vicinity has sold a half stake in another mall – this time Broadmeadows Central, in Melbourne’s north. The interest in
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Oreana snares riverfront housing estate site
EXCLUSIVE Oreana Property Group has bought a low density housing estate site at Wyndham Vale, a growth corridor suburb 31
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Raptis buys Central Coast shopping centre
The Raptis Group has snapped up the Deepwater Plaza, in Woy Woy, from Dexus. The $111 million off-market deal, speculated
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Haben buys stake in FNQ mall
Another asset forming part of the AMP Shopping Centre Fund – the management of which was recently taken over by
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Oreana secures major northern housing site
Oreana Property Group has quietly bought into a low density housing estate at Donnybrook, a growth corridor suburb 30 kilometres
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Mirvac, Revelop trade another Sydney mall
Revelop has purchased its second Sydney retail investment from Mirvac in 12 months. The Parramatta based investor and developer, led
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Bob Johnston to quit GPT
The GPT Group chief executive officer and managing director, Bob Johnston (pictured, top), will retire by the end of the
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Leather carer to develop distribution centre
Shoe and leather care product maker Waproo will develop a distribution centre on a Truganina site it just acquired for
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Camillo mall sells to fund manager owners
Mina and Scott O’Neill, who head investment house Rethink, have snapped up a retail and essential services investment at Camillo
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Box Hill site fetches $200m from developer
The McCall Community Gardens Foundation has sold 30.9 hectares around its historic Box Hill House. The north west Sydney growth
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Occupiers spend over $18m in Truganina
Occupiers have swooped on two Truganina industrial assets. In the biggest deal, Success Logistics paid $13.5 million for a 5061
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Leda lists ex-Johnson & Johnson HQ
Leda Holdings has listed the former Johnson & Johnson manufacturing headquarters at Caringbah, after a repositioning. The cream brick Art
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