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Matraville sale heralds market recovery
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.jpg "The holding at 2-4 Military Road, Matraville, is understood to be Australia’s first industrial acquisition by a major REIT in more than 18 months.") Agents of Colliers International have described the recent sale of an industrial site in Matraville, New South Wales, to a real estate investment trust as a demonstration of the industrial property sector's recovery.
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CBD retail building attracts strong interest
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 Allard & Shelton Melbourne successfully sold a CBD retail building, which has been managed by the agency for over 80 years, at the auction last Friday. The property sold substantially above the reserve price on a yeild of 3.3%.
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ING out of rehab
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ING Real Estate Healthcare Fund has announced that it has agreed terms to enter into a conditional contract to sell a medical facility in Victoria.
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Sold in South Yarra
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 Local developer, Ausgroup, has paid $6 million for a prime development site in Melbourne’s suburb of South Yarra.
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The return of the REITs
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Investors may have prematurely written off Australian Real Estate Investment Trusts (REITs), a sector now consolidating and expecting to emerge from its lowest ebb, according to the Centre of Investor Education.
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Two supermarkets sold by trust
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 The sale of eight US assets for US$144.1 million (A$198.9 million) was also completed. Two assets were located in California, with two in Florida and single assets in Georgia, Illinois, Kentucky and South Carolina.
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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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