Original article by Mercedes Ruehl
The Australian Financial Review – Page: 41 : 17-Sep-15
Grocon has acquired a residential development site in the Sydney suburb of Epping for $A56.5 million. The property developer plans a high-density apartment development for the site at 30-42 Oxford Street, comprising 250 apartments. The site is located close to the Macquarie Centre.
CORPORATES
GROCON PTY LTD, JONES LANG LASALLE INCORPORATED
Original article by Su-Lin Tan
The Australian Financial Review – Page: 5 : 3-Aug-15
Sydney’s residential property market boast an clearance rate of 78.8 per cent for the week ended 2 August 2015, according to CoreLogic RP Data. The clearance rate in Melbourne was 76.8 per cent, while the national clearance rate was 75.7 per cent. Meanwhile, First Point Projects and St Hilliers First Point sold every apartment on offer in the Thornton Central residential project in the Sydney suburb of Penrith on 1 August.
CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, FIRST POINT PROJECTS PTY LTD, ST HILLIERS PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIAN NATIONAL UNIVERSITY, HOUSING INDUSTRY ASSOCIATION LIMITED, McGRATH REAL ESTATE PTY LTD
Original article by John Stensholt
The Australian Financial Review – Page: 41 : 17-Jun-15
Metro Property Development is undertaking a $A170m institutional bookbuild as it prepares to debut on the Australian sharemarket in July 2015. The personal wealth of CEO Luke Hartman was estimated at $A92m in the 2014 edition of the BRW Young Rich List. Hartman will be seeking to emulate the success of other recent IPOs of companies headed by members of the exclusive list, including SurfStitch, Aconex and Rewardle.
CORPORATES
METRO PROPERTY DEVELOPMENT PTY LTD, SURFSTITCH GROUP LIMITED – ASX SRF, ACONEX LIMITED – ASX ACX, REWARDLE HOLDINGS LIMITED – ASX RXH, VOCATION LIMITED – ASX VET, AUSTRALIAN CAREERS NETWORK LIMITED – ASX ACO, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX
Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 15-Jun-15
Metro Property Development is offering its shares to retail and institutional investors at $A2.25 apiece in an IPO that will raise about $A170m. The residential property developer will have a larger market capitalisation than listed rivals such as Sunland Group and Finbar when it debuts on the Australian sharemarket on 13 July 2015. Metro’s founders will retain a 46 per cent stake in the group.
CORPORATES
METRO PROPERTY DEVELOPMENT PTY LTD, MOELIS AND COMPANY, MORGANS FINANCIAL LIMITED, SUNLAND GROUP (VIC) NO 2 PTY LTD, FINBAR GROUP LIMITED – ASX FRI, VILLA WORLD LIMITED – ASX VLW, CEDAR WOODS PROPERTIES LIMITED – ASX CWP
Original article by Robert Harley
The Australian Financial Review – Page: 39 : 27-May-15
Australian-listed Lend Lease Group will undertake a corporate makeover, rebranding itself as Lendlease and replacing its long-standing canopy logo. CEO Steve McCann describes the group’s new "fold" logo as "fluid and flexible". Lend Lease will gradually introduce the new branding over a two-year period.
CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, STW COMMUNICATIONS GROUP LIMITED – ASX SGN, HOUSTON
Original article by Nick Lenaghan
The Australian Financial Review – Page: 33 : 21-May-15
Australian-listed property developer Mirvac Group is enjoying strong demand for homes in its master-planned residential housing estates. CEO Susan Lloyd-Hurwitz notes that sales have been particularly good in Melbourne and Sydney, with some $A250m worth of sales in Melbourne so far in 2015. She says Mirvac has been increasing the rate at which it releases housing lots in response to the strong demand.
CORPORATES
MIRVAC GROUP – ASX MGR
Original article by Nick Lenaghan
The Australian Financial Review – Page: 39 : 14-May-15
Property developer Lang Walker has commenced talks with potential tenants of the fifth and final office tower in his Collins Square development in Melbourne. The $A400m tower will feature 40,000sq m of space, and construction has commenced on the podium and parking levels of the building. Link Group recently agreed to lease 25,000 sq m in Tower 4. The Collins Square project will cost $A2bn in total.
CORPORATES
WALKER CORPORATION LIMITED, LINK GROUP PTY LTD, CIMB TRUSTCAPITAL ADVISORS SINGAPORE PTE LTD, WOODS BAGOT PTY LTD, AUSTRALIAN TAXATION OFFICE
Original article by Robert Harley, Mercedes Ruehl
The Australian Financial Review – Page: 37 : 12-Feb-15
Listed property developer Stockland has posted a 2014-15 interim statutory profit of $A462m, which is 55 per cent higher than previously. The group’s residential development arm recorded a 72.8 per cent increase in operating profit, and MD Mark Steinert is upbeat about the outlook for the residential sector in the next several years. Stockland’s shares closed $A0.13 higher at $A4.73 on 11 February 2015
CORPORATES
STOCKLAND – ASX SGP, AUSTRALAND PROPERTY GROUP
Original article by Jessica Gardner
The Australian Financial Review – Page: 13 & 18 : 9-Feb-15
The Federal Court will be asked to rule on the right to use the Crown brand and logo in a trademark dispute between James Packer and property developer Iwan Sunito. Packer’s Crown Resorts is seeking to have Crown Group Holdings barred from using trademarks such as Crown Apartments, Crown Towers and Crown Resort in marketing its apartment projects. The listed group is undertaking its own apartment project as part of the Crown Sydney hotel and casino development
CORPORATES
CROWN RESORTS LIMITED – ASX CWN, CROWN GROUP HOLDINGS PTY LTD, FEDERAL COURT OF AUSTRALIA, CROWN MELBOURNE LIMITED, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, THE STAR, CITY OF SYDNEY, SYDNEY CHRISTIAN WORSHIP CENTRE
Original article by Lisa Allen
The Australian – Page: 15 : 27-Jan-15
Real estate development group Meriton Apartments aims to release some 3,000 new units in 2015 and 5,000 in 2016. The projects in the Sydney suburbs of Mascot and Pagewood respectively will be worth $A1bn and $A1.5bn. Founder Harry Triguboff says that if Meriton is divested by him, he could gain up to $A15bn and switch his focus to infrastructure developments such as water reservoirs. He also argues that there is scope for further official cash interest rate reductions by the Reserve Bank of Australia
CORPORATES
MERITON APARTMENTS PTY LTD, RESERVE BANK OF AUSTRALIA, GRANT SAMUEL AND ASSOCIATES PTY LTD, COUNTRY GARDEN HOLDINGS COMPANY LIMITED, IBISWORLD PTY LTD, WOOLWORTHS LIMITED – ASX WOW
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