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PROPERTY TRUSTS & INVESTING

6-01-2009

Trinity suspends payout, shares tumble

SHARES in Trinity dived almost 65% yesterday to a new low after the group suspended its December distribution and revealed it had unearthed cash flow problems at Consolidated Properties.

CFS Retail property values decline

FURTHER softening in capitalisation rates has resulted in CFS Retail Property Trust writing down $99.2 million.

Write-down looms, but profit stays on course

AUSTRALAND has reaffirmed its previous operating profit after tax forecast of $170 million to $174 million, but the...

Review of 2008 and outlook for 2009

OPINION: THE global economic outlook for 2009 comes with much greater than normal uncertainty. Pressure to reduce debt...

Babcock residential downgrades profit

BABCOCK & Brown Residential Land Partners has downgraded its profit forecasts and expects the business to...

Canberra harbour works complete

CANBERRA’s multimillion dollar Kingston Foreshore Development project is a step closer to the finish line...

NSW developer levies cut by $64,000

THE New South Wales Government is finally listening to years of developer protests by axing almost levies in...

PROPERTY TRUST & INVESTING

Property trusts December distributions

THE list of publicly listed property companies yesterday announcing distributions for the first half year ending December 31, 2008.

• Stockland makes $400m sales & cuts...

• Valad chalks up $139m in sales

• Investors with money flock to Hyecorp

• Centro shares rebound

• Cromwell completes CMBS buy

PROPERTY STOCKS REVIEWED

Analysts revises office REITs

JPMORGAN has flipped the ratings for Tishman Speyer Office Fund (ASX: TSO) and Macquarie Office Trust (ASX: MOF).

• Analysts slash Valad to 5 cents

• Lend Lease & GPT least preferred stocks

COMMERCIAL

Warringah Mall readies for makeover

AMP Capital Investors has lodged a long-term Master Plan with Warringah Council to redevelop Warringah Mall, located on Sydney’s Northern Beaches.

• Reed unveils $400m Big Top

• Investor rush for last minute shopping

• City investor buys regional shops

• Melbourne hotel sector ends year on a high

• ISPT’s Safeway centre fetches $24.5m

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

RESEARCH

From hero to almost zero

COMMERCIAL property transactions have dived by 65% in 2008 to the lowest level in 14 years as a result of the global credit crunch but the worst is not over yet, CB Richard Ellis said further...

• Hotel investors delay checkout time

• Gold Coast apartments experiencing climate change

• Stocks from a very long term perspective

• London prime prices falling down…

• For richer and for stress

ASIA PROPERTY NEWS

Asia next destination for AMP

AMP Capital Investors has plans to raise around $3 billion to invest in Asia’s commercial property market.

• Goodman has more funds

• Australand & CapitaLand Asia fund on hold

• Emerging Asia in a Post-Lehman World

• Hong Kong office rentals remain firm