Stockland Appoints New CEO November 26, 2020 – Stockland Chairman, Tom Pockett, announced that the Board has appointed Tarun Gupta as Stockland’s next Managing Director and Chief Executive Officer. Mr Gupta will join Stockland on 1 June 2021, succeeding Mark Steinert who has been Managing Director and Chief Executive Officer since 2013. Mr Steinert will remain in …
Charter Hall Prime Industrial Fund Secures New Equity Commitments November 25, 2020 – Charter Hall Group announced that its flagship $5.8 billion Charter Hall Prime Industrial Fund (CPIF) has closed its capital raising significantly oversubscribed, having raised $2.6 billion since April 2020 in two separate raisings. The capital raising was supported by both existing and …
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RAM Eyes Up Float Of AU$500 M (US$364.67 M) Essential Services REIT (Australian Financial Review) November 19, 2020- Investment firm Real Asset Management has begun sounding out potential investors for a $500 million Essential Services REIT that will hold a portfolio of east Coast neighbourhood shopping centres and medical-related assets. The new trust, which could …
Dexus Announces Sale Of 50% Interest In Grosvenor Place, Sydney November 18, 2020 – Dexus announced that it has conditionally exchanged contracts to sell a 50% interest in Grosvenor Place, Sydney. The 50% interest comprises 25% owned by Dexus and 25% owned by the Dexus Office Partnership, in which Dexus holds a 50% interest. Grosvenor …
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Charter Hall Social Infrastructure REIT Acquires South Australian Emergency Services Command Centre November 11, 2020 – Charter Hall Social Infrastructure REIT has entered into an off-market transaction to purchase the new purpose-built South Australian Emergency Services Command Centre and adjacent multi-deck carpark currently under construction. On completion, 85% of the property will be leased to …
Dexus Announces Sale of 60 Miller Street, North Sydney November 2, 2020- Dexus today announced that it has conditionally exchanged contracts to sell 60 Miller Street, North Sydney. The sale will realise net proceeds of A$273 million, representing about a 3% premium to the property’s book value at June 30, 2020. 60 Miller Street is …
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GPT Group Announces Plans To Sell Its 25% Interest in 1 Farrer Place, Sydney November 2, 2020- The GPT Group today announced plans to divest its 25 percent interest in 1 Farrer Place, Sydney. In announcing the planned sale of the asset, GPT’s Chief Executive Officer Bob Johnston said: “Farrer Place is one of Australia’s …
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Charter Hall Social Infrastructure REIT Acquires Mater Queensland Property October 9, 2020 – Charter Hall Social Infrastructure Limited, as the responsible entity of the Charter Hall Social Infrastructure REIT, announced that it has entered into an agreement to acquire a 100% freehold interest in 14 Stratton Street, Newstead, Queensland in a sale and leaseback transaction …
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Dexus Announces New Lease Amid Recessionary Market October 7, 2020 – Financial services firm, Netwealth, has been secured as the newest customer at 180 Flinders Street, Melbourne, relocating to larger premises in the Dexus portfolio. Netwealth has signed a Heads of Agreement for 10 years across circa 2,700 square metres at Dexus’s new development at …
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Stockland’s Distribution Per Security Hits 24.1 Australian Cents (US$ 0.17) For FY 2020 August 25, 2020 – Stockland released its results for the 12 months to 30 June 2020 (FY20). Financial results for the 12 months ended 30 June 2020 Proactive execution of key strategic priorities including non-core asset divestments, increased capital allocation to Workplace …
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