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Showing 131 - 140 of 669 results for "Lease"

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
Australian Unity has seen its profits plummet more than 70% compared to the previous financial year, with the group noting the impacts of COVID-19 saw it miss out on about $26 million in profit. Australian Unity reported a profit after income tax of ...

Centuria acquires industrial assets

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... warehouse and office facility on a two hectare site. The asset was secured by Centuria for $20 million under a triple-net lease structure, with an initial yield of 5.5%. Meantime, the Brisbane-based property is 5893sqm of gross leasable area within a ...

Cromwell sells SA asset at premium

ALLY SELBY  |  MONDAY, 24 AUG 2020
... facility, currently leased to Rand Transport (a subsidiary of Anchorage Capital Partners). The asset has a 15-year remaining lease term. JLL Australia head of capital markets, industrial and logistics Tony Iuliano, who alongside Adrian Rowse sold the ...

Charter Hall, sovereign wealth fund partner

JAMIE WILLIAMSON  |  MONDAY, 17 AUG 2020
... million of the partnership, or a look through interest of 2.45% of the portfolio. The Ampol portfolio will have initial lease terms ranging from 11 through to 22 years, a 19.2 year WALE and 10-year initial option terms, plus multiple five-year options ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
... completed three logistics developments during the period, with a combined value of $89.1 million and a weighted average lease expiry of 7.5 years. It also acquired two logistics facilities for $74.6 million, and issued $300 million in 12-year medium ...

Property winners, losers of COVID-19 crisis

ALLY SELBY  |  THURSDAY, 23 JUL 2020
The COVID-19 pandemic has demonstrated the strengths and weaknesses of property assets; with clear winners and losers emerging in the wake of the crisis. That's according to Principal Real Estate Investors chief executive Todd Everett, who told ...

Charter Hall makes $214m warehouse play

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... added to Charter Hall's Direct Industry Fund No. 4. The investment manager paid OIA $88 million for the asset. The sale and lease back agreement on the property will run for a 20 year triple net lease, the property manager said, with fixed 3% annual ...

REIT revises up portfolio value

KANIKA SOOD  |  MONDAY, 6 JUL 2020
Centuria Industrial REIT (CIP) has increased its portfolio value by 1.3% compared to the previous book value. The REIT, which only invests in industrial property, conducted external valuations for 30 of its 51 properties which are about half of the ...

McMillan Shakespeare restructures operations

ALLY SELBY  |  MONDAY, 29 JUN 2020
... restructuring costs." Its Australian and New Zealand businesses will continue to focus on extending and restricting customers lease arrangements, it said. Meanwhile, the firm's disability service provider Plan Partners has not experienced any COVID-19 ...

HSBC hit with $2.3bn suit over Disney investments

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUN 2020
Banking giant HSBC is facing a $2.3 billion (GBP 1.3 billion) law suit over investments in Disney films allegedly promoted by its private bank in the UK. The Eclipse Film Partnerships were a series of film financing schemes conceived by HSBC and promoted ...