LISTED PROPERTY, REITS, UNLISTED FUNDS
Folkestone back in the black
GREG Paramor has turned around the fortunes of real estate and funds management company Folkestone. ...
CPA upbeat on FY12
COMMONWEALTH Property Office Fund has upgraded its distribution guidance for the FY2012, underpinned by a resilient portfolio. ...
Growthpoint Properties is cashed up
GROWTHPOINT Properties Australia has successfully raised $166.4 million through a rights offer, despite uncertainty in the economic and financial market. ... Full story
APN sells Italian properties
THE APN European Retail Property Group has sold two Italian properties. ... Full story
Cromwell launches new property $93m trust
CROMWELL Property Group has launched a new $93 million unlisted single asset real estate trust. ... Full story
CFS Retail portfolio values hold up
CFS Retail Property Trust has independently revalued 16 assets over the six-month period to 31 December 2011, realising a gain of $112.7 million or 2.4% increase. ... Full story
CPA portfolio value up 2pc
THE Commonwealth Property Office Fund has lifted the value of its portfolio by $23.1 million or 2% after independently revaluing eight assets. ... Full story
Change of guard at IOF
INVESTA Office Fund has appointed a new fund manager, Toby Phelps, taking over from Tino Tanfara, who has been at the role for more than 10 years. ... Full story
Goodman ends year on a high
INDUSTRIAL property giant Goodman group is ending 2011 on a high, securing over 1 million sqm of pre-commitments after signing e-commerce retailer Amazon to 220,000 sqm in Germany. ... Full story
Accor & Ascendas check-in
ACCOR and Singapore’s Ascendas have joined forces to buy Mirvac’s hotel management business, Mirvac Hotels & Resorts for $327 million. ... Full story
Australian Unity grows retirement portfolio
AUSTRALIAN Unity Investment’s Retirement Village Property Fund has bought its second property, the Morven Manor Retirement Village in Mornington, Victoria. ... Full story
Investa Office sells Paris building
INVESTA Office Fund has sold its 50% interest in the NVH Building in Paris for a discount to the purchase price five years ago. ... Full story
Cashed up Investa goes shopping
THE Investa Commercial Property Fund has raised $110 million to buy interests two office buildings at 120 Collins St Melbourne and 400 George St Sydney. ... Full story
Goodman and CPPIB lift commitment for China JV
GOODMAN Group and the Canada Pension Plan Investment Board have lifted their equity commitment in the 80/20 joint venture, Goodman China Logistics Holding. ... Full story
ING Real Estate sells IEF to Torchlight
ING Real Estate has sold the management rights of the ING Real Estate Entertainment Fund to Torchlight. ... Full story
This publication is a member of the Australian Press Council.