November 2024
How a mother-in-law helped keep this ASX miner afloat
Nickel Industries revenues have topped $2.7 billion, but early on some family help was needed to finance this Fast 100 company.
- Prashant Mehra
March 2021
Ag land trust plunges to interim loss on iProsperity loan write-downs
Agricultural Land Trust lent money to a subsidiary of failed property fund manager iProsperity through a debenture program run by manager One Investment Group.
- Larry Schlesinger
September 2020
Land trust swings to huge loss after iProsperity loan impairment
Agricultural Land Trust directors said they believed it "very unlikely that the fund would receive any further payments" due on loans provided to iProsperity.
- Larry Schlesinger
May 2020
Loan dispute puts iProsperity subsidiary in receivership
The dispute relates to loans provided to iProsperity Underwriting by Alan Caratti's Agricultural Land Trust and funded through its debenture program.
- Larry Schlesinger
March 2020
'In default' iProsperity puts Agricultural Land Trust profit in doubt
Agricultural Land Trust may have to restate its latest interim accounts - and swing from a profit to a loss - if unpaid interest from iProsperity Group is not received.
- Larry Schlesinger
January 2020
iProsperity ends loan stoush with Allen Caratti-backed trust
iProsperity's underwriting division borrowed money from the Agricultural Land Trust, but was also a lender to the ASX minnow, which is controlled by Allen Caratti
- Larry Schlesinger
October 2015
Lower dollar pushes up value of Linkletters timber plantations
Plans to remediate the 8900-hectare Linkletters estate in Esperance in the Western Australian wheatbelt, valued at $17.65 million, have been put on hold by the managers of the ASX-listed Agricultural Land Trust as they consider ways to extract value from its vast bluegum plantations.
- Larry Schlesinger
August 2014
Linkletters value to double, says trust
The new manager of the Agricultural Land Trust says the value of prized rural holding Linkletters Place will more than double once it is returned to grazing and cropping.
- Updated
- Larry Schlesinger
December 2011
Property briefs
The Housing Industry Association is forecasting a 10.4 per cent slump in new dwelling starts for the 2012 financial year.
- Updated
June 2010
Property briefs
Mirvac Group non-executive director Paul Biancardi has retired from the board after 10 years. Mr Biancardi was deputy chairman of the board and chairman of the audit,risk and compliance committee. James Millar, former chief executive of Ernst & Young, will replace Mr Biancardi as chairman of the audit, risk and compliance committee. Mirvac also announced a quarterly distribution of 2¢ from Mirvac Property Trust. No dividend is being paid from Mirvac Limited.
February 2010
Trust on the hunt
Agricultural Land Trust, which leases all its land to Elders’s plantations company, ITC, will pay a distribution of 1.1¢ this half after reporting a net profit of $1.175 million.
- Scott Elliott | Matthew Cranston
September 2009
$3.8m seals NSW highlands deal
A private investor has bought the Wingello Park homestead at Marulan in the Southern Highlands of NSW for $3
- Matthew Cranston
June 2009
Miner buys $4m cattle station
Yarrabee Mining Group has bought "Tremaine" at Dingo - half way between Emerald and Rockhampton in Queensland - for $3
- Matthew Cranston send sales to mcranston @afr.com.au
February 2009
September 2008
SA homestead with water licence a Smart buy
The Smart family have purchased Murrabinna Kingston SE in South Australia at auction for an undisclosed price "well over" $5.6 million, according to auction attendees. The 1708-hectare grazing property has a massive 2850 megalitre underground water licence, which was a major attraction for the Smarts, who have extensive irrigation farming operations. There are five sandstone woolsheds with steel yards and an additional three bedroom homestead. Landmark's Cameron Grundy negotiated the sale.
- Matthew Cranston Sales to mcranston@afr.com.au
August 2008
Rainfall attracts buyers to Qld
More than $70 million worth of large-scale rural properties have sold in central Queensland recently, defying the traditionally slow winter selling period.
- Matthew Cranston
July 2008
Rural Britain loses allure for buyers
British prime country house prices fell by 3.9 per cent during the second quarter of 2008. The result - compiled as part of the Knight Frank Price Index- is the most severe quarterly price fall since the index began in 1995. Three consecutive quarters of price falls mean annual growth is now negative, at minus 2.8 per cent. Cottages were worst hit, losing 5.7 per cent of their value while prices for manor houses fell by 1.9 per cent. Knight Frank's head of country department, Rupert Sweeting, said, "The bright spot is farm and land sales. There is no sign of demand slackening and rural land prices continue to increase dramatically."
- Matthew Cranston Send sales to mcranston@afr.com