Commercial and residential property news
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, head of Stockland’s Office and Industrial business today announced that he would be leaving Stockland.
Read moreStockland 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 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 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 more�� 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 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, 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 has purchased a 56 hectare residential development site in Melbourne’s south east. Chief executive officer, Victorian Development, Greg Collins,
Read moreDEVELOPER 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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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 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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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 Investors Group has sold the last asset from its Property Income Fund. Shopping centre Gladstone Square, 100 kilometres north
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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 Property Industrial – controlled by Thai billionaire Charoen Sirivadhanabhakdi – today announced its first Australian capital partnership, choosing Morgan
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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 has added four Sunshine Coast pubs and 128 electronic gambling machines to its book via a deal for Maeva
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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 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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Mirvac has sold the two storey display suite for its Smiths Lane housing estate in Melbourne. The leaseback deal with
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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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Charter Hall has sold another asset from the Retail REIT (CQR). Lake Macquarie Square at Mount Hutton near Newcastle fetched
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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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The Australian seniors living sector is a rapidly evolving industry driven by the aging population, government policies, and growing demand
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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 listed Paragon REIT and MA Financial have divested a regional shopping centre for a touch over book value but
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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 is selling a half stake interest in another shopping centre – this time in a Melbourne growth corridor. The
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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 based fund manager Fawkner Property has added to its Far North Queensland portfolio following an off market deal for
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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 has sold a Northern Beaches shopping centre for about $60 million – the price it paid nearly 10 years
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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 has teamed with Barrenjoey Capital Partners for a half stake in Adelaide’s Tea Tree Plaza and adjoining Tea Tree
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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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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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EXCLUSIVE Brunetti Oro owner Yuri Angele has bought a sizeable inner north restaurant and commercial kitchen from his landlord of
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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 Property has sold a Brisbane growth corridor childcare centre it completed early last year. The 154-place asset at Ripley,
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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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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 has sold two west Sydney neighbourhood shopping centres picked up when it took over Primewest – all up for
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Prime Dairy, an agricultural fund manager held by Prime Value Asset Management, is paying $15 million for a north west
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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 Fawkner Property is continuing to boost its regional retail portfolio, this time with another asset from Stockland.
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EXCLUSIVE Jesuit Social Services has quietly sold a prominent inner north Melbourne youth centre to local developer Milieu. The Brosnan
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The Australian Rugby League Commission has bought its third hotel in 18 months – this time on the Sunshine Coast.
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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 has quietly sold two shopping centres after 10 years. In the biggest deal, the manager, on behalf of
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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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A gateway industrial development site at the south west tip of the Western Sydney International Airport, which is under construction,
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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 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 Australia has forged into the burgeoning Badgerys Creek industrial market, snaring a 17 hectare site for $70 million. On
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Two major housing estate sites at Beveridge – which has had a raised profile since the federal government recently acquired
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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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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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Arise Developments has sold two new neighbouring convenience retail investments – part of a master-planned town centre in the Whiteman
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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 Group has sold the last of five subdivided assets created out of a Sunshine Coast bulky goods centre it
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Vicinity has sold a half stake in another mall – this time Broadmeadows Central, in Melbourne’s north. The interest in
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EXCLUSIVE Oreana Property Group has bought a low density housing estate site at Wyndham Vale, a growth corridor suburb 31
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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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Another asset forming part of the AMP Shopping Centre Fund – the management of which was recently taken over by
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Oreana Property Group has quietly bought into a low density housing estate at Donnybrook, a growth corridor suburb 30 kilometres
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Revelop has purchased its second Sydney retail investment from Mirvac in 12 months. The Parramatta based investor and developer, led
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The GPT Group chief executive officer and managing director, Bob Johnston (pictured, top), will retire by the end of the
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Shoe and leather care product maker Waproo will develop a distribution centre on a Truganina site it just acquired for
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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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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 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 Holdings has listed the former Johnson & Johnson manufacturing headquarters at Caringbah, after a repositioning. The cream brick Art
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Summerset Group Holdings has snapped up its seventh Australian property, at Drysdale, east of Geelong, for a speculated $35 million.
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Lendlease and Realside are picking up one of Perth’s most prominent office skyscrapers – developed in the late 1980s by
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Haben and JY Group are in due diligence for Melbourne shopping centre Forest Hill Chase. The off-market deal for the
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Ingenia Communities Group (INA) has spent $28.5 million on metropolitan Cairns and Melbourne sites with plans for major land lease
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An enormous commercial development site opposite the south west boundary of the Western Sydney Airport, at Luddenham, has hit the
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Wulff Projects has snapped up a central Brunswick industrial site which has in recent years been the subject of a
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Two low density residential development sites at Clyde have sold to builders familiar with the area. In the biggest deal,
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