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Australian Real Estate

Dexus Healthcare Property Fund Acquires Large-Scale Asset in Melbourne’s Biomedical Precinct May 4, 2021 – Dexus Healthcare Property Fund (DHPF) has exchanged contracts to acquire Manning Building and Building 4, 399 Royal Parade, Parkville (Parkville) via an off-market process. Located within the Melbourne Biomedical Precinct, the property comprises two of the five buildings at Monash …

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Charter Hall’s Direct Industrial Fund No.4 Enhances Portfolio With $141 Million Industrial Acquisition April 20, 2021 – Charter Hall Direct’s industrial fund has announced the acquisition of two food manufacturing facilities on a 30 year sale and leaseback to leading food business Patties Foods for $141 million. The sale and leaseback arrangement with Patties Foods provides …

Charter Hall’s Direct Industrial Fund No.4 Enhances Portfolio With $141 Million Industrial AcquisitionRead More »

Dexus’ North Shore Health Hub Reaches Practical Completion April 13, 2021 – The North Shore Health Hub in St Leonards has reached practical completion, providing a high quality healthcare facility integrated into the North Shore Hospital precinct.  Developed by Dexus, owned by Dexus Healthcare Property Fund (DHPF) and built by Roberts Co, the North Shore …

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GPT distribution update

Dexus Announces Sale of Brisbane Property April 6, 2021 – Dexus announced that it conditionally exchanged contracts to sell 10 Eagle Street, Brisbane on 1 April 2021. The asset is owned by the Dexus Office Partnership, in which Dexus holds a 50% interest. The sale will realise proceeds of $285 million1, with Dexus’s net sale …

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Dexus Establishes New Joint Venture To Acquire Interest In 1 Bligh Street Sydney March 22, 2021 – Dexus announced the establishment of the Mercatus Dexus Australia Partnership (“MDAP”) joint venture with Mercatus Co-operative Limited (“Mercatus”). MDAP has exchanged contracts to acquire a 33.33% interest in 1 Bligh Street, Sydney, for $375 million. Mercatus will hold …

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Australian real estate

Frasers Logistics & Commercial Trust Commence Facade Enhancements To Central Park March 9, 2021 – Frasers Logistics & Commercial Trust announced a façade enhancement initiative for its 50%-owned Central Park in Perth, Australia. The total estimated costs of the  building facade upgrade is A$33.2 million (US$25.4 million) and is expected to reinforce Central Park’s positioning …

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Goodman Group Profit Up 16% in H2 2020 February 19, 2021 – Goodman Group announced its results for the half year ended 31 December 2020. The Group delivered an operating profit of $614.9 million (US$478.7 million), up 16% on the prior corresponding period. Group Chief Executive Officer, Greg Goodman said: “The logistics and warehousing sector are playing …

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Vicinity Centres Report 55.8% Decrease in H2 2020 DPS February 17, 2021 – Vicinity Centres declared a distribution per security (DPS) for the half-year ended 31 December 2020 of 3.4 Australian cents, down more than half from the 7.7 Australian cents seen in the same half-year period in 2019. Vicinity Centres said the reduced distribution …

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GPT distribution update

GPT Group Announces 15% Full Year DPS Decline In 2020 February 15, 2021 – GPT announced that its distribution per security (DPS) hit 22.5 cents per security for the full year 2020, down from the 26.48 cents per security seen in the same full year period in 2019. Likewise, the The GPT Group announced that …

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