Weekly Update 28/2/2022

28 February 2022

Welcome to this weeks Property News.

A bumper week this week with markets in full swing again across all segments and risk profiles.

Half Yearly Results from Stockland, HomeCo, SCentre, Cromwell, Charter Hall and others all point to higher earnings and higher valuations as the economy recovers from the previous COVID impacted period. Stockland & Dexus have both taken the opportunity to trade non core assets to reshape the balance sheet, with Dexus selling 12 Creek Street for $391m and Stockland managing to separate itself from the established Retirement Living business which has been a drag on performance for over a decade, freeing the business up to focus on its development pipeline.

HomeCo were able to complete the merger with Aventus Group to cap off what has been a transformative year for the group moving $3.5bn of assets off balance sheet in their ambition to become Australia’s leading diversified alternative asset manager.

If you have any news, information or research reports you’d like us to share with the market, please feel free to send me an email at info@propertymarkets.news or simply submit an article for us to review here.