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

Search Results

Showing 821 - 830 of 5801 results for "West"

Charter Hall, Allianz Real Estate acquire assets

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
... venture's initial $648 million acquisition of four ALDI logistics assets in June. The Victorian centre is 23 kilometres west of the Melbourne CBD and the Queensland centre is in a major distribution hub located halfway between Brisbane and the Gold ...

Westpac sells Pacific to PNG bank

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
Westpac has announced the sale of Westpac Fiji and the majority stake of its operations in Papua New Guinea to Kina Securities. Kina Securities will pay $420 million for Westpac Fiji and 89.91% of Westpac PNG Limited which combined have net assets of ...

Aware Super completes WA Super merger

KANIKA SOOD  |  FRIDAY, 4 DEC 2020
The industry superannuation fund has completed its merger with WA Super initiated earlier this year and now has $135 billion in assets and one million members. The merger gives Aware Super 60,000 members in Western Australia. The smaller fund's ...

AMP Capital APAC managing director exits

JAMIE WILLIAMSON  |  FRIDAY, 4 DEC 2020
AMP Capital's managing director for the Asia Pacific region has departed as the investment giant realigns its focus. A spokesperson for AMP Capital has confirmed the exit of Craig Keary, saying the role of Asia Pacific managing director is no longer ...

US wealth manager acquires three Aussie firms

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
NASDAQ listed Focus Financial Partners has created a new network of boutique financial advice firms and acquired three Australian businesses. Focus launched Connectus on December 1 in the US, and now the first Australian advice firms to join the boutique ...

Elanor healthcare fund continues expansion

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Elanor Investors Group has announced its fourth acquisition to the Elanor Healthcare Real Estate Fund (EHREF) with the purchase of a medical facility. The fund acquired a multi-tenanted medical facility in Rockingham, Western Australia for $22.9 million ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
Australian oil and gas company Santos' carbon reduction plan has been heavily criticised, with critics pointing out many super funds invested in the company have made declarations on climate change that don't match their actions. According to ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

EQT wins custody mandate

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... REIT (HDN). HDN's portfolio includes retail property in New South Wales: Gregory Hills Town Centre in Sydney's south west and Glenmore Park Town Centre near Penrith. It is set to acquire Queensland-based Marsden Park Shopping Centre for $48 million. ...