Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 171 - 180 of 712 results for "Lease"

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
The government has announced a raft of reforms to reduce barriers to Australia's credit framework as a means to boost the economy. The reforms will remove the responsible lending obligations from the National Consumer Credit Protection Act 2009 aiming ...

Melbourne boutique raising $70m for new fund

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... Aware Super) in October last year. Assets it has invested in previously include a partnership with Lendlease to develop, lease and manage an office tower in Brisbane's Showgrounds area, and a joint venture with Frasers Property and Sekisui House ...

Charter Hall REIT acquires portfolio, opens raise

ANNABELLE DICKSON  |  THURSDAY, 10 SEP 2020
... undertake an equity raise to fund the purchase. CLW is acquiring a 49% interest a portfolio of 70 long weighted average lease expiry (WALE) BP Oil New Zealand service stations for NZ$130.8 million bringing the total portfolio value to $3.8 billion. The ...

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 ...