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Showing 91 - 100 of 780 results for "Property fund"

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
ASIC placed an interim stop order on a residential property fund promoted by K2 Asset Management due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... billion thanks to it exiting the Real Asset funds business; asset sales New Energy Solar, the US Masters Residential Property Fund and the Fort Street Real Estate Capital Fund; and the responsible entity transition to K2 Asset Management. The E&P Wealth ...

Barwon snaps up $124m of healthcare assets

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... property portfolio, increasing the value of its institutional fund to $1.4 billion. The Barwon Institutional Healthcare Property Fund (BIHPF) acquired the Mons Road Medical Centre in the Westmead health precinct for $38 million. The Medical Centre encompasses ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... Long WALE REIT (CLW) made a whopping 122% loss after raking in a profit of $911.9 million in the prior period. The property fund manager calculated adverse net fair value movements on its properties totalling to a loss of $362.7 million, a far cry from ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... million debt. The creditors included thousands of financial advice clients who invested in the US Masters Residential Property Fund (URF) and financial products operated by entities related to Dixon Advisory. In January 2022, DASS went into voluntary ...

Commercial property deals stuck at 2011 levels

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... half. "In the first significant write-down in values for offices, the MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index showed that annual capital growth for office funds was -7.9% in the second quarter, contributing to a total return ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... was determined that a successor fund transfer was in the best interests of members. In May, it launched the Raiz Property Fund to enable investors to allocate up to 30% of their portfolio to properties nationwide.

Office sector down 8%: MSCI

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... office funds recorded a -5.2% fall in capital growth, according to the MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index. Offices represent 37% of the sector. The sector is being "pummelled by concerns of excessively optimistic past valuations ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
Too many asset managers are disregarding liquidity risks and are unprepared in the event of mass redemptions, a review by the Financial Conduct Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management ...

Australian Unity, Cromwell to merge funds

CHLOE WALKER  |  FRIDAY, 7 JUL 2023
... The deal will result in unitholders in the Cromwell Direct Property Group (CDPF) and Australian Unity Diversified Property Fund (AUDPF) owning interests in a "more diversified and stable fund" including 15 high quality assets. The portfolio comprises ...