LENDERS have given Challenger Diversified Property Group an extension on a $100 million (Tranche 1) of its $500 million multi-currency facility.

THE Homeworks Kotara bulky goods centre in Newcastle, New South Wales has been sold, fetching $61.5 million for Colonial First State Global Asset Management’s Private Property Syndicate.

INVESTMENT activity in the commercial property sector in the first half of 2008 has fallen to levels witnessed in 1993 – the year Australia came out of recession, according to CB Richard Ellis.

INVESTMENT capital is flooding into Asia despite the global credit crunch, ARA Asset Management has closed its third and final flagship ARA Asia Dragon Fund raising $US1.13 billion.

MORTGAGE sales continued to fall during June, according to AFG.