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

Search Results

Showing 771 - 780 of 3460 results for "Stake"

Merricks Capital funds $465m Sydney development

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
The $465 million agreement, funded by Merricks Capital, will allow Milligan Group to acquire one of Sydney's last remaining CBD sites. Milligan Group plans to construct a 55-storey mixed-use commercial tower on the corner of Pitt and Hunter Streets ...

Morrison Securities stake to net Sequoia $40m

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... Sequoia said its board believes Morrison's growth was being restricted by its balance sheet. Sequoia will retain 20% of its stake and this way Morrison Securities will have the capacity to capitalise on opportunities that have been identified by both ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... revenue of $1.8 million and net profit after tax (NPAT) of $0.4 million. As part of the acquisition, TIP will claim a 100% stake in both Enva Australia Pty Ltd and Enva Holdings Pty Limited. TIP said the consideration payable by the company under the ...

AustralianSuper invests in build-to-rent-to-own affordable housing

ANDREW MCKEAN  |  TUESDAY, 7 MAR 2023
... rental agreements with the option to purchase at a predetermined price in the future. Of note, AustralianSuper acquired a 25% stake in Assemble in June 2020 with the option to invest in future pipeline projects. Assemble has already completed a pilot ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
The court case against Mercer Superannuation for allegations of greenwashing is "just one of the investigations on foot", ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ...

Investec Property Fund, Irongate Australia in new JV

CHLOE WALKER  |  FRIDAY, 3 MAR 2023
... together and providing meaningful balance sheet support." At the same time, Investec Property Fund will acquire a 18.67% stake in the Templewater Australia property fund, which is managed by Irongate.

Australian dividends surge in 2022: Report

CASSANDRA BALDINI  |  WEDNESDAY, 1 MAR 2023
... payouts by 8% year-on-year. The increase was partly due to strong coal prices and occurred despite the full demerger of BHP's stake in Woodside Petroleum. The mining sector in Australia and around the world paid record dividends in 2021 but Janus Henderson ...

FPA and AFA set to merge

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
The two major advice associations will merge to create the Financial Advice Association of Australia as voted by members today. Members of the Association of Financial Advisers (AFA) and Financial Planning Association of Australia (FPA) overwhelmingly ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... purchase ClearView's managed investment business. In turn, ClearView will receive $1.3 million in cash and acquire a 40% stake in Human Financial. For the half-year 2023 reporting period, the wealth management unit earned $10.9 million in revenue ...

The super investments driving future economic growth

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
Superannuation infrastructure investments will support sustainable economic growth and better living standards for Australians, an ASFA report finds. The ASFA Superannuation and the economy: Energy infrastructure research paper said superannuation will ...