Original article by
sbs.com.au – Page: Online : 30-Mar-20
Prime Minister Scott Morrison says the states and territories will impose a six-month moratorium on renters being evicted on account of financial distress resulting from the coronavirus pandemic. He says landlords need to work with their tenants and banks to come up with agreements that are of benefit to all parties. The moratorium proposal is part of the notion of ‘hibernating’ businesses until the worst of the pandemic is over.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET
Original article by Elizabeth Redman
The Australian – Page: 23 : 9-Aug-17
The listed Shopping Centres Australasia Property Group has posted a 2016-17 profit of $A319.6m, which is 73 per cent higher than previously. The total value of its portfolio of shopping centres rose from $A1.89bn to $A2.36bn. The real estate investment trust has advised that it has rebalanced its mix of tenants to include non-discretionary retailers that are less likely to lose customers to online giant Amazon than outlets such as clothing stores.
SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP – ASX SCP, AMAZON.COM INCORPORATED, CHARTER HALL RETAIL REIT – ASX CQR
Original article by Larry Schlesinger
The Australian Financial Review – Page: 12 : 29-Sep-16
Scentre Group recognises the importance of data analytics in managing tenancies. CEO Peter Allen told The "Australian Financial Review" Retail Summit in Melbourne on 28 September 2016 that 15 per cent of its tenants leave shopping centres when their leases expire. They are either unable to fulfil Scentre’s requirements or cannot afford the rent.
SCENTRE GROUP – ASX SCG, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED
Original article by Nick Lenaghan
The Australian Financial Review – Page: 30 : 13-Jan-16
Some high-profile legal disputes in the Australian property sector will be contested in court during 2016. A tenancy dispute between Roy Morgan Research and Impact Investment Group will return to court in February. The Gary Morgan-led market research firm was briefly locked out of its offices in Melbourne’s Collins Street in late December 2015, before a court ordered Impact to grant access to the building. Construction, Forestry, Mining & Energy Union officials John Setka and Shaun Reardon will defend blackmail charges arising from an industrial dispute with Grocon that subsequently embroiled Boral. Sunland Group faces a damages claim by former employee Marcus Lee, while litigation is continuing between Grocon and APN Property Group.
ROY MORGAN RESEARCH LIMITED, IMPACT INVESTMENT GROUP PTY LTD, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, GROCON PTY LTD, BORAL LIMITED – ASX BLD, SUNLAND GROUP LIMITED – ASX SDG, APN PROPERTY GROUP LIMITED – ASX APD, SUPREME COURT OF VICTORIA, FEDERAL COURT OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, HIGH COURT OF AUSTRALIA, LEND LEASE GROUP LIMITED – ASX LLC, PRIME RETIREMENT AND AGED CARE PROPERTY TRUST, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 21-Dec-15
Following a failed attempt to be heard at the Supreme Court on Friday, Impact Investment Group illegally and without notice, de-activated all security passes for 401 Collins St, Melbourne, changed the locks and put security guards on the building. There is a dispute between Roy Morgan Research and Impact Investment Group over a purchase/leaseback contract for 401 Collins St. The dispute revolves around details of a replacement lift – which, amongst other things will block access to the Collins St entrance to the building for at least six months. As IIG have refused to negotiate, mediate, discuss, or in any way, resolve the issues of the dispute, Roy Morgan Research has stopped paying rent. This matter is before the Supreme Court at IIG’s initiation. Roy Morgan Research has a $A2.5 million bank guarantee (bond) in place and a personal guarantee for rent from executive chairman Gary Morgan. The action taken by IIG in locking Roy Morgan Research out of its premises is not only illegal, it is vexatious and the information provided to the media is mischievous, wrong in fact and defamatory with potentially large damages. Gary Morgan expresses concern about the stress this causes staff so close to Christmas.
ROY MORGAN RESEARCH LIMITED, IMPACT INVESTMENT GROUP PTY LTD, SUPREME COURT OF VICTORIA
Original article by Robert Harley
The Australian Financial Review – Page: 40 : 24-Mar-15
Australian-listed Premier Investments boasts more than 1,000 retail stores. The group’s rent bill for the first half of 2014-15 rose by 6.7 per cent to $A99.3m. CEO Mark McInnes notes that this accounted for 20 per cent of its sales revenue. He says Premier is prepared to close stores if landlords are not willing to offer the market rent when leases are renewed. The group closed a Just Jeans store in Melbourne as a result
PREMIER INVESTMENTS LIMITED – ASX PMV, JUST JEANS PTY LTD, JAY JAY’S JEANS WAREHOUSE PTY LTD, PORTMANS PTY LTD, JACQUI E PTY LTD, DOTTI
Original article by Michael Bleby,Samantha Hutchinson
The Australian Financial Review – Page: 5 : 21-Aug-14
The growth of the apartment market in Sydney and Melbourne has prompted a sharp downturn in rental income for landlords. RP Data notes that there has been a 6.4 per cent fall in weekly advertised rents for apartments in Melbourne’s Southbank precinct in the last year, and a 3.6 per cent fall in the Docklands. Property consultant Margaret Lomas says demand for apartments in Melbourne is significantly outpacing supply
RP DATA LIMITED,CORELOGIC AUSTRALIA PTY LTD,DESTINY PROPERTIES PTY LTD,VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE
Original article by Samantha Hutchinson
The Australian Financial Review – Page: 31 : 22-Jul-14
Commercial landlords are not worried by a new trend in office space management. Hot-desking, or activity-based workspaces (ABW), has not had a negative impact on office occupancy rates despite what had initially been expected. Charter Hall co-MD David Southon does not see a major contraction in space requirements. Charter Hall expects ABW to generate cost efficiencies and productivity gains in its office tower at 1 Martin Place in Sydney
CHARTER HALL GROUP – ASX CHC, DELL COMPUTER CORPORATION, JONES LANG LASALLE AUSTRALIA PTY LTD