ASX-listed GPT recorded a A$519.1m net loss for the first half of 2020, driven by a A$711.3m devaluation of its portfolio as a result of the COVID-19 pandemic. Funds from operations (FFO) declined 23.3% year-on-year to A$244.5m during 1H 2020, however the REIT set distribution per security at 9.30 cents per share. The company said […]
ASX-listed Centuria Office REIT (COF) recorded a 39.5% year-on-year increase in funds from operations (FFO) to A$85.4m for the year ending June 2020, according to its earnings. Net profit fell 56% YOY to A$23.1m for the 2020 financial year, while distribution per unit rose slightly to 17.8 cents per share. The REIT, which owns 23 […]
A-REITs gained ground today, with the S&P/ASX 200 A-REIT index growing 2.60% to 1,304.80, while the S&P/ASX 200 index rose 0.83% to 5,991.80. Aventus Group (AVN) acquired a 31,470 sq.m. development site in Melbourne from Kaufland Australia for A$11.5m, according to a statement. Aventus Group shares jumped 4.09% to A$2.29. The deal is funded through […]
Housing investor Greystar has raised US$450m in the first close of its China-focused housing fund, targeting Shanghai and other top-tier cities across the country. The fund’s investors include Dutch firms APG Asset Management and Bouwinvest Real Estate Investors, as well as MIRA Real Estate, the property arm of Australian group Macquarie Infrastructure and Real Assets. […]
Hong Kong-based investment manager PAG Real Estate has raised US$2.75bn in the final closing of its Secured Capital Real Estate Partners (SCREP) VII fund. The opportunistic fund received commitments from 25 investors, primarily made up of pension and sovereign wealth funds from North America, Europe, the Middle East and Asia, the firm said. SCREP VII […]
Here’s how listed real estate investment trusts (REITs) tracked across Asia Pacific for the week ending Friday, 5 June 2020. Australia A-REIT shares recorded a positive week, with the S&P/ASX 200 A-REIT Index finishing the week up 4.66% to 1,301.30. On Thursday, Charter Hall Group (CHC) and Allianz Real Estate teamed up to purchase a $648m portfolio […]
Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Tuesday, 2 June 2020. Hong Kong Hong Kong REITs continued their recovery, with the Hang Seng REIT Index jumping 3.25% to 5,594.83. Link REIT (823) shares extended yesterday’s strong gains on the back of its latest earnings, with its shares rising […]
Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Monday, 25 May 2020. Australia The S&P/ASX 200 A-REIT Index jumped 2.69%, or 31.60 points, to 1,205.80, in line with the S&P/ASX 200 Index, which was up 2.16% to 5,615.60. Charter Hall Retail REIT (CQR) completed its unit purchase plan and […]
Tanya Southey (image: Vicinity Centres) Vicinity Centres has named Tanya Southey as chief people and culture officer (CPCO) and will start in the role in late October 2019. Southey brings more than 20 years’ executive experience across human resources and culture transformation to the job. She has previously worked as the human resources director at […]
CBRE Global Investors and Universal-Investment have bought a new prime logistics property near Kobe in Japan on behalf of German pension fund Bayerische Versorgungskammer (BVK). Image: CBRE Global Investors Completed in September 2019, the 42,000 sq.m. asset is located along the Chugoku Express Highway near Kobe, a city about 35km west of Osaka. The deal […]
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