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Showing 61 - 70 of 249 results for "Commercial property"

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
... Andrew Lockhart. The practice of giving additional lending without disclosing it to the bank, typically for commercial property related purposes, is an "inappropriate market practice", he said, and poses a real risk to investors. He thinks it is a poor ...

Super fund investment chief departs

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... challenges. Tasplan outsources most of its investment capabilities. In-house, it has a cash management and commercial property team, as well as a Tasmanian-focussed commercial mortgage portfolio. Trish Donohue joined Tasplan as a non-executive director ...

Perpetual thinks outside value investing

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
... million or 13% higher than the prior corresponding period. This was driven by sustained market activity within commercial property and managed investment funds, together with higher asset prices. The group's total NPAT dropped 12% to $60.2 million ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
... lured retail investors by offering them 5-10% in returns annually generated from issuing loans to third-party commercial property owners, the US Securities and Exchange Commission alleged. Many of the investors were seniors, investing their retirement ...

Property fund hires manager

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... in Centuria's unlisted real estate division. Nichols' old job at AOF has gone to Australian Unity's head of commercial property Mark Lumby who will be supported by portfolio manager Simon Beake and asset manager Giovanna Reale who have each worked with ...

Australian Unity fund manager steps down

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
... Office Fund (AOF) on November 30 to pursue other opportunities. He is replaced by Australian Unity's head of commercial property Mark Lumby who has been with the company since 2011. Lumby will be supported by AOF portfolio manager Simon Beake and asset ...

AustralianSuper changes property option

KANIKA SOOD  |  FRIDAY, 9 NOV 2018
... delivered an average annual return of 7.5% since then, according to the fund. Crash predictions for housing, not commercial property AustralianSuper acting head of property John Longo said the option's investments are largely unaffected by the predictions ...

Scrapping LRBAs would be detrimental to investors

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
A commercial property lender believes banning limited recourse borrowing arrangements in their entirety would be too heavy handed, saying critics often cite residential property spruikers to cast shadows. Thinktank chief executive Jonathan Street said ...

Unlisted property returns surpass equities: Research

KARREN VERGARA  |  TUESDAY, 11 SEP 2018
... environment where low bond yields have kept spreads attractive, the report said. Australian Unity head of commercial property Mark Lumby said ongoing domestic uncertainty would continue to influence the market, but the outlook for unlisted property remained ...

Perpetual reports $140m profit, investments business dips

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
... attracting inflows. This was made possible by strong issuance in securitization markets, market activity on commercial property and managed funds, and higher asset prices. "We are pleased with the continued strong growth in our core debt markets and ...