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

Search Results

Showing 181 - 190 of 712 results for "Lease"

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 ...

Capital raisings top $27bn, dividends down $10bn

ELIZA BAVIN  |  TUESDAY, 23 JUN 2020
... billion from retail. Also topping the list was Ramsay healthcare at $1.5 billion, QBE Insurance at $1.3 billion and Lend Lease at $1.2 billion. By sector financials led the way again, accounting for over $6 billion in capital raised, followed by real ...

PrimeWest acquires asset manager

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
The ASX-listed property fund manager has paid $10 million to acquire a farmland asset manager as it looks to build a presence in A-REITs. PrimeWest will now own 100% of GoFARM Asset Management which is the manager to the REIT Vitalharvest Freehold Trust ...

Charter Hall invests in logistics

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... was originally developed in 2008 for the tenant as its national distribution centre, and has entered into a new 12-year lease to commence at expiry of their current lease in August 2020. The lease provides for annual rental escalations of 3.25%, with ...

A-REIT winners, losers of the 'new normal'

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... will move from the landlord towards the tenant. With this, we expect that there will be a rebasing of rents and shorter lease terms going forward." She predicts a 20 to 30% fall in valuations for regional malls and a 5-10% contraction in convenience ...

Charter Hall extends JV, makes acquisition

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
... assets portfolio includes the ALDI distribution centres, which were designed and built by ALDI and sold with seven-year lease back initial terms plus multiple seven-year options. The four asset portfolio comprises Sydney logistics facilities located ...

Charities call for further stimulus

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... for Social Impact (CSI) has forecast that the country's 16,000 charities could be severely impacted when JobKeeper, and lease and loan deferrals come to an end in October. Modelling a 20% reduction in revenue, the report found that 88% of the country's ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... for anyone, even SMSF trustees. "In normal times, an arm's length landlord would be expected to enforce the terms of the lease and any deviation from the lease terms, or altering the terms of the lease in favour of the related tenant, could breach the ...