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LISTED PROPERTY, REITS, UNLISTED FUNDS

Mellowes to head SCA Property Group

WOOLWORTHS spin off SCA Property Group has appointed Anthony Mellowes as the new CEO after holding the role as interim CEO since November last year. ... Full story

Dexus says au revoir to France

DEXUS Property Group has sold five of its six remaining European industrial properties located in France. ... Full story

Supermarket sales support Federation Centres

FEDERATION Centres (ASX: FDC) has recorded sales growth of 2.0% for the quarter ended March 31 underpinned by the supermarket and speciality categories. ... Full story

Arena to list childcare fund

MORGAN Stanley's Arena Investment Management is planning to list the Arena Childcare Property Fund on the ASX as Arena REIT. ... Full story

Stockland shaken but not stirred

STOCKLAND's CEO Mark Steinert has unveiled a new strategy for the group, which was not as drastic as the market had speculated. Stockland will undertake an orderly sale of its $1.5 billion office portfolio and will consider joint venture partners. ... Full story

Westfield overseas retail sales stronger

WESTFIELD (ASX: WDC) has reported strong retail sales growth from its US and UK portfolio whilst the Australian portfolio increased marginally. ... Full story

Goodman secures a string of leases in China

GOODMAN Group has signed over 100,000 sqm of new leases during the first four months of 2013 across its China portfolio, maintaining total occupancy at 96%. ... Full story

Mirvac goes on a spending spree

MIRVAC (ASX: MGR) has gone on an acquisition spree, buying seven offices from GE Real Estate for $584 million. ... Full story

Mirvac CEO tells it like it is

MIRVAC CEO Susan Lloyd-Hurwitz has given a frank assessment of the group's business. Following a microscopic review, she said the group has learnt its lesson of overpaying for acquisitions of residential development sites and creating too much higher end product for shallow markets. ... Full story

Stockland reshuffles deck chairs

STOCKLAND's new CEO Mark Steinert has made significant changes to the management structure, appointing Bank of America Merrill Lynch real estate managing director Simon Shakesheff to the newly created role of group executive strategy and stakeholder relations. ... Full story

Federation Centres appoints new money man

FEDERATION Centres has poached Tom Honan from Transurban Group to take up the role of CFO. ... Full story

Stockland dismisses two top execs

STOCKLAND has dramatically sacked two executives, chief financial officer Tim Foster and head of residential Mark Hunter. ... Full story

Centuria to launch more trusts

CENTURIA Property Funds said it is in due diligence a $90 million acquisition in Sydney, which will be used to established a new unlisted property trust. ... Full story

Houston we have a sale

AMP Capital’s Global Direct Property Fund has cashed in the Cheval Apartments in Houston Texas for $US63.6 million ($A61.46 million). ... Full story

Dexus raises funds from US investors

DEXUS Property Group has successfully priced a long-dated US Private Placement offering for $US300 million ($A291 million). ... Full story

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