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News on REITS & Property Groups

eCommerce Growth & Onshoring Deliver CIP Strong HY22 Results

Centuria Industrial REIT, Australia’s largest listed pure- play industrial fund, today announced its strong interim results for the first half of 2022 Financial Year with upgraded Funds From Operation (FFO) guidance of no less than 18.2 cents per unit (cpu) and a reiterated distribution guidance of 17.3cpu, reflecting a 4.6% distribution yield.

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GPT sells Casuarina Square Shopping Centre

GPT has completed the sale of the largest shopping centre in the Northern Territory, Casuarina Square, exchanging contracts with Sentinel for $420m The sale was completed near to GPT’s book value which was slashed by $100m midway through 2020 when GPT cut the value of its directly held retail portfolio …

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MaxCap delivers $74million Construction Facility to Ivanhoe development

MaxCap Group, Australasia’s leading Commercial Real Estate financier is providing a $74m first mortgage construction facility to assist high profile developer Samma Property Group to fund construction of stage 1 of its flagship mixed-use project in Ivanhoe, Melbourne.

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Charter Hall Launches bid for Irongate

A Charter Hall managed wholesale partnership comprised of Dutch pension fund PGGM and Charter Hall has presented a take over offer to for the listed property group, Irongate Group for $1.28bn.

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Centuria Upgrades Earnings Guidance ahead of Interim Results

ASX-200 listed, Centuria Capital Group, has upgraded its operating earnings per security (OEPS) guidance of 14.5 cents per security (cps) for the 2022 Financial Year ahead of its interim results, which are due to be released on Wednesday 9 February.

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Property investors heighten their focus on ESG considerations after watershed year

It was a watershed year for Environmental, Social and Governance (ESG) investing in real estate in 2021 as pandemic- and climate-related disruption, along with growing recognition of social inequity, prompted investors to adopt a more robust approach to sustainability-related risks.

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Abacus Convert Debt to Equity

Abacus Property Group will exit its remaining residential development and mortgage legacy loan positions by converting two loans to equity and in the refinance of a third.

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MaxCap provides $25 million Land and Construction Facility to KDL Property Group

MaxCap Group, Australasia’s leading Real Estate financier has confirmed it will provide a land and first mortgage construction facility to KDL Property Group (KDL) for the site acquisition and construction of their Rosebank Estate project. MaxCap is excited to be partnering with experienced land developer in KDL for their Rosebank …

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