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Showing 51 - 60 of 708 results for "Lease"

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... 2012 as a funding vehicle for the Perth-based Sterling Group. From 2016, the Sterling Group offered a long-term residential lease to retirees and seniors called a Sterling New Life Lease (SNLL). They were told that the returns from their initial lump ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... First, that the relevant breach must only impact one person or relates to a financial product, credit product, consumer lease, mortgage or guarantee or is proposed to be held jointly by more than one person. Secondly, the breach must not result in or ...

Keppel private fund expands into Australia

CHLOE WALKER  |  FRIDAY, 13 OCT 2023
The Singaporean investment giant's private fund, the Keppel Education Asset Fund (KEAF) has acquired two education assets in Sydney for $198 million. Backed by institutional investors, including a large sovereign wealth fund and pension funds, KEAF's ...

HMC Capital reaches first close on fund

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
The asset manager has successfully closed its Health Care and Life Sciences Unlisted real estate fund (UHF) after receiving more than $1 billion, including from major global pension funds. The group said it secured $640 million of equity commitments ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... appropriate, superannuation funds potentially would be investors in assets which could hold residential aged care facilities and lease them to providers of aged care services.

Barwon snaps up $124m of healthcare assets

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... Queensland for $14 million. The property is fully leased to Neta Care, a disability care provider, and boasts a weighed average lease expiry (WALE) of 9.3 years. "We are pleased to partner with Neta Care, a leading holistic disability care provider ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... million, revaluation decrements from acquisition costs of $7.6 million and straight lining of rental income, amortisation of lease fees and incentives of $1.5 million. CLW has 444 properties classified as long weighted average lease expiry (WALE) retail ...

Charter Hall offloads UNSW asset

CHLOE WALKER  |  MONDAY, 31 JUL 2023
... Anzac Parade in Kensington, is leased by the University of New South Wales (UNSW) with nine years remaining on the existing lease. It was purchased by Charter Hall from an unidentified Korean institution for approximately the same amount just two years ...

Office sector down 8%: MSCI

KARREN VERGARA  |  FRIDAY, 14 JUL 2023
... value. Charter Hall slashed its office portfolio valuation in the last six months by -3.7% while its long weighted average lease expiry (WALE) for retail assets dropped by -7.8%. Conversely, industrial funds continue to be standout performers, with a ...

Cromwell, Value Partners group join forces

CHLOE WALKER  |  MONDAY, 3 JUL 2023
Cromwell Property Group (Cromwell) and Hong Kong-based asset manager Value Partners Group have established a joint venture, exchanging on the sale of a 50% stake in the Cromwell Italy Urban Logistics Fund assets. The seven properties that make up the ...