Groups

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.

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.

Mirvac has established a strategic relationship with Japanese Real Estate company, Daibiru, which is investing in a 50 per cent share of Mirvac’s next generation workplace development, 7 Spencer Street.

MaxCap Group, one of Australia’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.

Lendlease and Mitsubishi Estate Asia’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 Sydney’s world-renowned harbour. Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have pre-sold.

Charter Hall has commenced construction on its first multi-level warehouse, known as Ascent Logistics Centre (“Ascent on Bourke”) in Alexandria, Sydney.

Diversified property developer Time & Place and joint venture partner MaxCap Group, one of Australia’s leading real estate investors, has received an approved permit for the proposed plans at its 2,678sqm site at 75 – 119 Cubitt Street, Cremorne.

Lendlease today announced that it has sold a further 21 per cent interest in its US Military Housing asset management income stream to an existing partner for a cash consideration of A$126 million

Abacus Property Group says it is on track for the proposed de-stapling of the Groups' Self Storage assets into Abacus Storage King (ASX:ASK)

Lendlease today unveiled plans for its new mixed-use development that is set to revitalise Melbourne’s landmark intersection at Flinders and Swanston streets in the CBD, following endorsement of its development plans.

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.

Victoria is leading the national expansion of Stockland Halcyon communities with four projects scheduled to launch in the state over the next year.

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

Frasers Property Australia has commenced the next phase of construction of the 25-storey Brunswick & Co Build-to-Rent development in Fortitude Valley, Brisbane.

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%.