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
Monopoly not a good analogy to real estate
OPINION: MONOPOLY is a board game that allows you to...
Interest rates still falling, more to go
OPINION: The RBA has cut interest rates again and they...
Investors coming out of hibernation
INVESTORS are returning to the residential property market in response...
Australian housing markets continue to show improvement
OPINION: As the year is quickly coming to an end,...
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