REITS

Ascendas has announced the acquisition of a logistics asset to be developed by Goodman at 500 Green Road, Crestmead, in Brisbane.

Australian Unity Office Fund announced that all nine assets in the portfolio are in the final stages of being externally valued as at 31 December 2020.

The Centuria Industrial REIT, has completed external valuations on its investment properties as at 31 December 2020, revealing a 6.3% gain in values.

Stockland has entered into a fund-through agreement to acquire an approximately 6.3 hectare industrial development site comprising two lots at 151 Leakes Road, Truganina, Victoria for approximately $60 million.

Stockland has announced the acquisition of a 700 hectare masterplanned residential community in Queensland’s Ripley Valley known as ‘Providence’, further restocking its residential pipeline with an active, trading project.

The $2.1 billion transformation of the Eagle Street Pier and Waterfront Place precinct into Brisbane’s took a step closer this week with Brisbane City Council granting the project a Development Approval.

Real estate investor and manager, Cromwell Property Group has confirmed that Managing Director and CEO, Paul Weightman, is to retire effective 31 December 2020.

Centuria Capital Group has secured three industrial assets, worth a collective $62.5m, for the yet to be launched fixed-term unlisted property fund, Centuria Industrial Income Fund No.1

Dexus revaluations reveal that any softening of rents and incentives is being offset by a slight compression in cap rates driven by a long term view of lower interest rates.

GARDA Property Group has signed up Fuji Xerox Australia as a foundation tenant at its recently developed Botannica 9 building in Richmond.

APN Property Group is having a strong earnings session announcing a 17% increase in the forecast distribution for FY2021.

Ingenia Communities announced the acquisition of two large, established communities located in Victoria and on the NSW Mid-North Coast as part of a $53m expansion plan.

Stockland has exchanged contracts with boutique Australian fund manager Prime Value Asset Management Limited to divest four Victorian villages from its Retirement Living portfolio for a combined total of $89 million.

Charter Hall Retail REIT has released details of the valuations for 59% of the portfolio revealing that cap rates for the portfolio have remained virtually unchanged over the 6 month period.

Cromwell has successfully obtained approval for a landmark $350 million mixed-use expansion of its existing 700 Collins Street