Groups

News on REITS & Property Groups

Lifestyle Communities Welcomes 5,000th homeowner as Sales remain on Guidance

Lifestyle Communities Limited advises new home settlements for FY23 are expected to be in the range of 355 to 365 and the company maintains its previous guidance of delivering between 1,100 to 1,300 and 1,400 to 1,700 new home settlements between FY22 and FY24 and FY23 and FY25 respectively.

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Willawong Warehouse Sold at 31% Premium

A 3,415sqm industrial facility within a key southeast Brisbane industrial precinct recently sold at a 31% premium to its prior book valuei after the vendor secured a new five-year lease.

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MaxCap acquires portfolio of 125 recently completed apartments with strong growth potential

MaxCap Group, one of Australiaโ€™s leading real estate investment managers, has unveiled its latest response to the growing housing challenge in Melbourne by acquiring a ~ $95million portfolio of 125 recently completed apartments across four high quality buildings.

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One Circular Quay reaches $1b sales as construction powers ahead

Lendlease and Mitsubishi Estate Asiaโ€™s luxury residential tower, One Circular Quay, has reached a new milestone, surpassing $1 billion worth of sales as construction powers ahead to deliver the highly sought-after residences on the doorstep of Sydneyโ€™s world-renowned harbour. Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have pre-sold.

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EG expands into the private debt market with Msquared

EG has announced a joint venture with Msquared Capital to offer investors the opportunity to diversify into the private debt market to service capital products for quality residential real estate and industrial sites across the eastern seaboard of Australia.

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Westfield Customers Return from Hibernation

Scentre Group Chief Executive Officer Elliott Rusanow said: โ€œOur strategy to attract more people to our destinations delivered strong operating performance in the early part of 2023.

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Goodman Operational Update for Q3/FY23

Goodman Group provided the market with an update on its activities over the last quarter and increased its earnings growth per security guidance for FY23 to 15%.

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