REAL ESTATE DEVELOPERS – AUSTRALIA

Red-hot market means the only way is up for apartments … way up

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Original article by Matthew Cranston, Michael Bleby
The Australian Financial Review – Page: 1 & 10 : 27-Nov-14

A number of residential property developers have proposed to build apartment towers of at least 260 metres in Australia’s major capital cities. AMP Capital and Billbergia plan to construct a 300-metre tower in Brisbane, while Fragrance Group intends to build a 302-metre apartment tower in Melbourne. In Sydney, Mirvac is teaming up with Coombes Property Group to develop a 260-metre apartment tower. The boom in apartment development is in response to factors such as Australia’s growing population and the trend toward inner-city living

CORPORATES
AMP CAPITAL INVESTORS LIMITED, AMP LIMITED – ASX AMP, BILLBERGIA PTY LTD, FRAGRANCE GROUP LIMITED, MIRVAC GROUP – ASX MGR, COOMBES PROPERTY GROUP, ASPIAL CORPORATION LIMITED, UEM SUNRISE BERHAD

Eliza’s crowning glory yours for $15mn

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 47 : 6-Nov-14

Savills and McGrath are marketing a luxury apartment in the Sydney CBD on behalf of its developer, Ceerose. The 499sq m penthouse comprises three floors of the developer’s Eliza apartment building, which is adjacent to the Sheraton on the Park hotel. The penthouse is expected to fetch at least $A15m, and features four bedrooms, a lap pool, a marble staircase and a private elevator

CORPORATES
CEEROSE CONSTRUCTIONS PTY LTD, SHERATON ON THE PARK, LEND LEASE GROUP LIMITED – ASX LLC, SAVILLS (AUST) HOLDINGS PTY LTD, McGRATH REAL ESTATE PTY LTD, GROCON PTY LTD, COCO REPUBLIC, ARTBANK

Apartment boom crowns Triguboff

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Original article by Michael Bleby
The Australian Financial Review – Page: 42 : 25-Sep-14

Meriton Group displaced BGC as Australia’s largest residential builder in 2013-14. according to the Housing Institute of Australia-Colorbond Housing 100 report. Meriton boasted 7,929 housing starts for the financial year, compared with 5,004 for BCG. The nation’s 100 largest home builders collectively boasted 66,764 housing starts in 2013-14, with apartments accounting for 24 per cent of dwelling commencements

CORPORATES
MERITON APARTMENTS PTY LTD, BGC (AUSTRALIA) PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED, ALCOCK/BROWN-NEAVES GROUP, METRICON HOMES, SIMONDS HOMES GROUP LIMITED, HENLEY PROPERTIES, JWH GROUP PTY LTD, HOTONDO HOMES, MASTERTON HOMES PTY LTD, BROOKFIELD MULTIPLEX LIMITED, LU SIMON PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, BEECHWOOD HOMES PTY LTD, AVELING HOMES PTY LTD, NICHE LIVING PTY LTD, HOME AUSTRALIA PTY LTD, METRO PROPERTY DEVELOPMENT PTY LTD, JAXON CONSTRUCTIONS, DIPLOMA GROUP LIMITED – ASX DGX, CAVALIER CORPORATION LIMITED, CAPITAL WORKS CONSTRUCTIONS PTY LTD, BOLD PROPERTIES, SOUTHERN VALE HOMES, ADENBROOK HOMES PTY LTD, ESSENTIAL FIRST CHOICE HOMES PTY LTD, J L FITENI HOMES PTY LTD, BOTANIC HOMES PTY LTD, MEGARA CONSTRUCTIONS PTY LTD, NOSTRA HOMES AND DEVELOPMENTS PTY LTD

Goodman pipeline hits $1bn in Brazil

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Original article by Kylar Loussikian
The Australian – Page: 17 : 1-Aug-14

Goodman Group CEO Greg Goodman has announced a turnaround for the Australian-listed industrial real estate developer’s Brazilian operations. In 2013 Goodman had been beaten to a portfolio of 34 sites by Global Logistics Properties of Singapore. However the WTGoodman joint venture with Brazilian market leader WTorre is now going to construct and lease a warehouse facility worth 62,000 sq m for a US client. Assets in Brazil are also owned by 9% Goodman stakeholder China Investment Corporation and by the developer’s Canada Pension Plan Investment Board and GIC financiers

CORPORATES
GOODMAN GROUP – ASX GMG, WTI PTY LTD, WTORRE SA, GLOBAL LOGISTIC PROPERTIES LIMITED, GIC REAL ESTATE PTE LTD, CANADA PENSION PLAN INVESTMENT BOARD, CHINA INVESTMENT CORPORATION, BR MALLS PARTICIPACOES SA, CB RICHARD ELLIS INVESTORS LLC, UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, GOLDMAN SACHS AUSTRALIA PTY LTD

Westfield shares rise on merger hopes

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Original article by Robert Harley
The Australian Financial Review – Page: 35 : 18-Jun-14

Westfield Retail Trust shareholders will vote on the proposed restructuring of the Westfield group of companies on 20 June 2014. Several major shareholders are expected to vote in favour of the deal, which is likely to ensure that it proceeds. However, Stephen Mayne of the Australian Shareholders’ Association forecasts that the deal will not be approved. Westfield Retail shares closed $A0.06 higher at $A3.21 on 17 June, while Westfield Group was up $A0.28 at $A10.89

CORPORATES
WESTFIELD GROUP – ASX WDC, WESTFIELD RETAIL TRUST – ASX WRT, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION

Goodman to recycle $1.4 billion in assets

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Original article by Robert Harley
The Australian Financial Review – Page: 34 : 13-Jun-14

Goodman Group plans to reinvest the proceeds of property sales into the development of new projects. The Australian-listed company’s property portfolio is valued at around $A26.4bn, and it intends to offload some $A1.4bn worth of property in Australia and offshore. Goodman has forecast that its 2013-14 operating earnings will be about seven per cent higher than previously

CORPORATES
GOODMAN GROUP – ASX GMG, MORGAN STANLEY AUSTRALIA LIMITED

A pain in the glass for Grocon

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 34 : 13-Jun-14

Grocon has experienced quality control problems with glass used in the construction of a 12-storey office tower in the Melbourne CBD. The developer has agreed to replace about 50 per cent of the heat-tempered glass due to flaws in its manufacture. The building is being constructed on behalf of the GPT Wholesale Office Fund

CORPORATES
GROCON PTY LTD, GPT WHOLESALE OFFICE FUND NUMBER ONE, WESTPAC BANKING CORPORATION – ASX WBC, APN PROPERTY GROUP LIMITED – ASX APD, CHINA SOUTHERN GLASS (AUSTRALIA) PTY LTD