September 2021
Retail fund adds petrol stations to the mix
The latest purchases will take the APN Convenience Retail REIT’s portfolio to 111 properties valued at $762 million.
- Nick Lenaghan
August 2021
Industria REIT snags record profit as values rise
The $720 million property trust will soon be renamed the Dexus Industria REIT after Dexus completed its takeover of listed fund manager APN Property.
- Nick Lenaghan
More acquisitions in the pipeline for APN Convenience Retail REIT
Service stations have proved a resilient investment through COVID-19 and the APN Convenience Retail REIT is keen to buy more after a strong year.
- Martin Kelly
May 2021
APN Property fund pumps up petrol station portfolio
APN Convenience REIT has snapped up a portfolio of six service stations across south-east Queensland, taking its portfolio to 97 properties valued at $619 million.
- Nick Lenaghan
Dexus strikes $320m takeover deal with APN Property
With a scheme implementation already struck, the mooted takeover will take Dexus’ funds management portfolio to $23.9 billion.
- Nick Lenaghan
April 2021
Grocon vote postponed as Grollo tries to sweeten deal
The last-minute delay comes after fierce opposition to the proposed DOCA from some large creditors, including listed fund manager APN Property.
- Nick Lenaghan and Larry Schlesinger
February 2021
APN Property fund adds to pool of petrol stations
Since listing midway through 2017, the fund has more than doubled the value of its portfolio of petrol stations, which now numbers 88 assets.
- Nick Lenaghan
January 2021
Landlords shrug off 'blip' of Melbourne office delay
But one of the government's own landlords says pushing back the return to city workplaces has created more uncertainty.
- Michael Bleby
December 2020
ASX ends higher; AustralianSuper lobs takeover offer at Infratil
The Australian sharemarket has rallied late to close higher. Woodside's Peter Coleman to step down in second half of 2021. Dalrymple Bay and Youfoodz flop on debut. Morgan Stanley upbeat on Metcash. Iron ore exports fall in November.
- Updated
- Vesna Poljak, William McInnes, Sarah Turner, Robert Guy and Luke Housego
August 2020
APN fund's service stations keep on pumping
APN Convenience Retail REIT's service stations are regarded as essential services, which supported its rent collection during the lockdown.
- Nick Lenaghan
June 2020
APN's petrol station fund hits the capital bowser
With 83 sites around the country, the APN Convenience Retail REIT has so far proven resilient to the pandemic-induced slowdown.
- Nick Lenaghan
February 2020
APN Property lifts funds by 5pc on Asia growth
Based in Melbourne, APN Property is itself an ASX-listed fund manager with close to $3.1 billion in funds under management.
- Nick Lenaghan
'Plenty of demand for service stations'
Shares in the petrol station trust are trading at a 27 per cent premium to their net tangible asset backing, in a sign of strong appetite for the asset class.
- Larry Schlesinger
October 2019
APN-run retail fund rounds up petrol stations
The $74.6 million portfolio comprises 10 development sites and three petrol stations which are already trading.
- Nick Lenaghan
APN Convenience Retail REIT seeks to raise $38 million
APN Convenience Retail REIT is seeking to raise $38 million via an institutional placement.
- Sarah Thompson and Anthony Macdonald
October 2018
Fishermans Bend planning framework good, but transport certainty crucial
The lack of commitment to transport funding only lengthens the uncertainty over Australia's largest urban regeneration project.
- Updated
- Michael Bleby
June 2018
APN Property says 'no' to Blackstone's lowball bid for Investa fund
APN Property is against Blackstone's $3.1 billion offer for IOF because the bid does not recognise the value of the assets.
- Updated
- Nick Lenaghan
May 2018
Westfield deal will send cash into local stocks
Local property trusts will receive a bounce if the Westfield takeover by Unibail-Rodamco goes ahead as expected.
- Updated
- Nick Lenaghan
February 2018
APN Property floats bowsers and raises guidance
APN Property posts a 37 per cent lift in its 2018 first half operating earnings after floating a petrol station fund.
- Updated
- Nick Lenaghan
November 2017
Private investors pump petrol station market
Yields on petrol stations are touching 6 per cent as super funds, property trusts join private investors in the market.
- Updated
- Nick Lenaghan