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Changing of the guard at JLL
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Jones Lang LaSalle has announced three management changes in Asia Pacific and EMEA to take effect in January, 2009.
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Value offered by listed property trusts
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A property asset consulting specialist has credited the sharp fall in
the listed property trust market in recent months with creating buying
value in the sector at an investment conference focussing on property
organised by the Centre for Investor Education in Melbourne.
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Big names commit to St Hilliers fund
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St Hilliers Funds Management Limited has raised equity with two of
Australia’s major superannuation funds investing in its fourth property
fund, a development to core fund.
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Cromwell targets undervalued A-REITs
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Property and funds manager, Cromwell Group, has announced the
launch of a new property securities fund to take advantage of strong
buying opportunities amongst Australian Real Estate Investment Trusts
(A-REITs).
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AREITs maintain credit quality
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According to a recent report by Standard & Poor’s Ratings Services, Australia’s rated real estate investment trusts have maintained stable credit quality in the past six months.
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Domain secures management deal
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 Domain Resorts & Residences has embarked on a drive into the north Queensland market, securing a Townsville waterfront management rights deal totalling 101 luxury apartments.
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Rare holding snapped up
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 A two storey retail building situated in a tightly held retail precinct of Glenelg, Adelaide, has been snapped up by a local investor at an auction conducted by Terry Goodwin and Lou Rentis from Brock Commercial.
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Property seminar announced
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Ray White Group chairman, Brian White, and Ray White Surfers Paradise Group CEO, Andrew Bell, are staging a complimentary seminar aimed at educating investors of the risks involved in property investment and development.
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Sunland's half year results
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 Sunland Group Limited has announced a record half year net profit after tax of $59.8 million, together with historically low gearing levels. Sunland’s half year profit was achieved on a group revenue of $313 million.
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Sold before auction
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 A service station in Mornington, Victoria, has sold on a net yield of 6.7% one week before its scheduled auction. The fully leased property is anchored by Safeway Petrol (Woolworths Limited).
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Green light for redevelopment
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 DB RREEF Wholesale Property Fund has received development approval to proceed with the $70 million redevelopment of Willows Shoppingtown in Townsville, Queensland.
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Ray White to expand centre
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 Ray White Invest and private retail developer Blair Group, have made a joint acquisition of the Currambine Marketplace in Perth, Western Australia, with plans for a proposed expansion of the property.
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Sold in Richmond
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 Westpac Funds Management Ltd, on behalf of the Westpac Diversified Property Fund, has purchased a 2755 sqm office building in Richmond, Victoria.
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DB RREEF buys in Melbourne
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 DB RREEF, on behalf of its direct property mandate with AXA Wholesale Australia Property Fund, has acquired an office building at 441 St Kilda Road in Melbourne.
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Charter Hall invests in CBDs
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 Charter Hall Group’s Core Plus Office Fund has acquired 11 Exhibition Street, located in Melbourne's CBD, as well as the Westpac Bank Building at 109 St Georges Terrace in Perth.
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