LISTED PROPERTY, REITS, UNLISTED FUNDS
Westfield outgrows maiden investment
WESTFIELD Group has sold its 75% interest in the Broadmarsh shopping centre at Nottingham in the United Kingdom for £55 million ($A86 ...
Goodman sticks to FY12 guidance
INDUSTRIAL property giant Goodman Group has reaffirmed its earnings guidance of 6 cents and operating profit of $460 million for FY12. ...
KKR snaps up Centro Retail in frenzy
UNITED States private equity firm Kohlberg Kravis Roberts has pounced on Centro Retail Trust, paying $628 million for trust. ... Full story
Goodman fund prices $US300m debt
THE Goodman Australia Industrial Fund has successfully priced its inaugural $US300 million US Private Placement issue. ... Full story
CFS shopping centres remain resilient
CFS Retail Property Trust has recorded a 3.1% growth in retail specialty store growth for the nine months to September 30. ... Full story
Castle Partners mull over Viento proposal
VIENTO’S advisers, Castle Partners, is considering four proposals for the recapitalisation of the Viento Diversified Property Fund. ... Full story
From fresh food people to property trust
BUOYED by the success of selling $390 million worth of shopping centres and hotels, Woolworths is looking to spin off its multi-billion dollar real estate portfolio into a listed property trust. ... Full story
Mirvac well positioned to weather volatility
MIRVAC managing director Nick Collishaw said the group is in a position to withstand continued volatility or disruption in overseas financial markets, and reaffirmed a forecast operating EPS guidance of 10.5 to 10.6 cents per stapled security and distribution guidance of 8.2 to 8.4 cps. ... Full story
Westfield Retail secures debt funding
WESTFIELD Retail Trust has finalised $1.27 billion of new bilateral bank facilities to repay the $1.34 billion Westfield Sydney Facility. ... Full story
S&P maintains rating on Australian Unity funds
STANDARD & Poor's announced there would be no change to the four-star rating on the Australian Unity Healthcare Property Trust, following the launch of a discounted rights offer. ... Full story
Corporate regulator puts a stop to mortgage fund
THE Australian Securities and Investments Commission has obtained interim orders in the Supreme Court of Queensland against Equititrust Limited, the manager of a mortgage fund which lends retail investors’ pooled funds for property developments. ... Full story
Cedar Woods reaffirms 21% profit growth
RESIDENTIAL developer Cedar Woods Properties is on-track to deliver a record net profit after tax of approximately $34 million in FY2012, a 21% increase on the previous corresponding period. ... Full story
Goodman EU fund launches €400m right issues
THE Goodman European Logistics Fund has launched a €400 million underwritten equity raising and refinanced a new €800 million debt package. ... Full story
ING to pass IEF management to Torchlight
ING Management Limited has entered into an agreement with Torchlight Investment Group to changeover the management of the ING Real Estate Entertainment Fund. ... Full story
AJA forecast distribution
ASTRO Japan Property Group has forecast a distribution of 10-11 cents per security for the six months ending 31 December 2011. ... Full story
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