June
Australian Unity hit with stop orders over investment questionnaire
The funds manager has been pinged by ASIC for tactics that could have inappropriately funnelled clients into its one of its funds.
- Max Mason
May
Australian Unity Office Fund in exclusive DD for St Kilda property
Street Talk understands the $220 million market cap fund is in exclusive due diligence with a buyer for its St Kilda Road property.
- Sarah Thompson, Kanika Sood and Emma Rapaport
December 2023
Banks warn of mortgage rises from deposit rate intervention
MyState CEO Brett Morgan says, “in any intervention, there is a benefit and there is a cost”.
- Updated
- Lucas Baird
November 2023
What your income and age say about how happy you are
Self-reported wellbeing was notably lower for younger people and those in households with incomes of $100,000 or less, compared with those earning more.
- John Kehoe
- Exclusive
- Property development
Investors face loss as part-built $22m tower goes back on market
The aborted residential project shows the risks of a turning market for property lenders – and their investors – of rising construction and borrowing costs.
- Michael Bleby
October 2023
Cromwell, Australian Unity plan for $1b property fund falls apart
Weakening conditions – along with a squeeze on redemptions – have combined to blow up an ambitious plan to combine two unlisted funds.
- Nick Lenaghan
Investors find value in championing social good
Impact investing is on the rise as more Australians seek to drive positive change as they reap financial returns.
- Prashant Mehra
July 2023
How healthcare precincts aid big, ambitious research
Healthcare precincts bring together researchers, industry partners and healthcare practitioners to work on research problems and improve healthcare delivery.
- Anders Furze
Public private partnerships to ease the burden
Public private partnerships (PPPs) are re-emerging as an infrastructure funding solution to spread the risk and ease the burden of up-front capital costs imposed on the public purse.
- Tim Boreham
Cromwell, Australian Unity in $1.1b unlisted REIT merger
Street Talk can reveal Cromwell’s Direct Property Fund and Australian Unity’s Diversified Property Fund would merger, in a deal expected to be announced Friday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2023
The driving purpose behind IAG’s winning action plan
The insurer says it sees the effects of climate change on its customers and communities on the ground every day.
- Mark Eggleton
Banks, insurers must prove they can be trusted giving financial advice
The government will accept “in full or in principle” 14 of Michelle Levy’s 22 recommendations to reform financial advice laws.
- Aleks Vickovich and Hannah Wootton
April 2023
Influential directors pledge support for Yes vote
A group of non-executive directors say good governance for Indigenous Australians requires proper consultation and engagement.
- Tom McIlroy
March 2023
Australian Unity launches $350m raising for healthcare fund
The raising comes as the healthcare real estate sector enjoys a surge of investment into new facilities, fuelling forecasts the private hospital real estate sector could reach $41 billion by 2041.
- Nick Lenaghan
January 2023
- Opinion
- Commercial real estate
The property sector where it pays to focus on the basics
For all the enthusiasm surrounding investment in social infrastructure, it is the property fundamentals that drive much of the value.
- Robert Harley
December 2022
- Exclusive
- Wage scandal
Care giant underpaid staff $7.3m
ASX-listed Australian Unity has had to pay a $250,000 “contrition payment” for underpaying thousands of care workers since 2014.
- David Marin-Guzman
- Exclusive
- Commercial real estate
Australian Unity trust buys $220m aged care portfolio
The acquisition taps the growing demand for single-bed rooms that has grown as a result of the pandemic.
- Michael Bleby
Private capital eyes billions in social infrastructure projects
With $20 billion in projects waiting for private finance and super funds poised to help governments, investors are looking closely at social infrastructure.
- Agnes King
Demand for social infrastructure investment increasing
For investors there are several options to gain exposure in social infrastructure assets, from unlisted managed funds, listed real estate investment trusts to superannuation funds.
- NIcki Bourlioufas
November 2022
Australian Unity expands $1.5b social infrastructure business
The wealth manager’s investment arm now has one of the largest disability housing funds – known as specialist disability accommodation, or SDA – in the country.
- Nick Lenaghan