Courageous AXA plans $1bn REIT listing

AXA has made an unusual decision, planning to publicly list the $1 billion AXA Wholesale Australia Property Fund in a shrinking A-REIT market, in a bid to stave off liquidity pressures.

Octaviar to check out of Skase resort

OCTAVIAR, formerly known as MFS, has “officially” put the Christopher Skase developed Sheraton Mirage Resort Port Douglas on the market.

Becton price crash

MELBOURNE based property company Becton saw its share price decimated yesterday with its share price falling to a new low of 79.5 cents down 18.5 cents at the close of trade.

Government serves up Melbourne Tea House

HOTEL property investors and developers are invited to take a sip of Melbourne’s Tea House building, which is for sale via a public tender.

Aspen keeps climbing

ASPEN Group has credited strong rental increases and a 47% growth in funds management for the company’s continued solid performance in the last 12 months ended June 30.

GEO flicks off another non core asset

GEO Property Group has sold another non core property at 152 Gilba Road, Girraween, New South Wales for $3.25 million to an undisclosed buyer.

Mervyns to close eight shops

US department store chain Mervyns will close eight stores leased from Macquarie DDR Trust as part of its bankruptcy business realignment process.

City Pacific fund seeks $1bn

CITY Pacific has gone cap in hand looking to raise $1 billion for the City Pacific First Mortgage Fund.