Property News - Australias PropertyReview.com.au

GPT not letting Highpoint purchase slip away

GPT is not planning on letting an opportunity to buy a further stake in Melbourne’s Highpoint Shopping Centre slip away.

AIMS price hits the bullseye

AIMS has won over MacarthurCook by sweetening its takeover offer.

Valad reshuffles European business

VALAD’s European business has got a helping hand from the Bank of Scotland to move liabilities and debt moved off its...

Investor takes a pinch from Salta

A PRIVATE investor has bought the Computershare data processing building in Port Melbourne for $18.9 million, from...

Ray White offloads REA shares

REA Group’s major shareholder Ray White Group has sold its shareholding.

Cromwell packed with Energex

CROMWELL yesterday confirmed that it will settle the purchase of the Energex Building this month.

Colliers bolsters Sydney team

COLLIERS International has strengthened its Sydney office team by poaching Frank Sassine, CB Richard Ellis’...

PROPERTY TRUST & INVESTING

Macquarie DDR Trust closer to flying solo

NEIGHBOURHOOD shopping centre owner Macquarie DDR Trust is continuing talks to buy out its United States joint venture partner Developers Diversified Realty Corporation.

• Tishman renews major lease

• PFA founder grabs stake in MacarthurCook

• Stockland still interested in FKP

• Macquarie Leisure to run its own show

• FKP lines up for $324m

PROPERTY STOCKS REVIEWED

Bankruptcy looms for smaller A-REITs

AUSTRALIA’S real estate investment trusts sector remains in troubled waters despite a raft of REITs saving themselves by jumping onboard the capital...

• Do you get what you pay for?

• Analysts maul FKP

COMMERCIAL

CPA gets out of Brisbane

THE Commonwealth Property Office Fund has sold its last asset in Brisbane, removing its exposure in the sunshine state.

• Private developer tunes into 3AW station

• CitiPower switched on buying

• Owner occupier buys Alexandria industrial

• Brookfield cashes in Brisbane shopping centre

• Private investors selling to upgrade

Email sale/lease results to results@propertyreview.com.au

RESEARCH

Building approvals dive

DWELLING approvals fell for the first time in three months, according to the Australian Bureau of Statistics.

• Sales down but Melbourne tops

• Deal or no deal, Canberra trumps them all

• Where are we in the short and long term share...

• Overseas investors splashing cash around

• Construction starting recovery

ASIA PROPERTY NEWS

Singapore to improve REITs disclosure

THE Monetary Authority of Singapore is looking to introduce mandatory annual general meetings for real estate investments trusts in a bid to improve disclosure.

• Canada Land launches China fund

• Chinese distressed assets emerging

• Aussies jump on global vehicle

• Asia next destination for AMP

• Goodman has more funds