October 2018
What next after $6b surge in M&A hits property sector?
A $6 billion surge in corporate action has hit the listed property sector in the strongest signal yet, for some at least, that a correction is just around the corner.
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- Nick Lenaghan
August 2018
Charter Hall to take over Paramor's Folkestone in $205m deal
Charter Hall has struck a $205 million deal to take over Folkestone, a smaller property fund management platform.
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- Nick Lenaghan
February 2018
Fees flow pumps Folkestone's profit
Folkestone has collected a bumper crop of fees after a busy first half of property funds management.
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- Nick Lenaghan
October 2017
Folkestone takes prize exit at Wollongong, sells office at 33.6pc premium
Folkestone has booked a bumper return, selling a Wollongong office building to an offshore investor for $46.1 million.
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- Nick Lenaghan and Su-Lin Tan
Folkestone checks into China's tourism booms with hotel deal
Fund manager Folkestone is buying into the hospitality boom, snapping up a Sydney airport hotel for $76.4 million.
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- Nick Lenaghan
August 2017
Folkestone investors get a little extra
Folkestone investors will get a special dividend after their Sydney-based fund manager booked a one-off gain from a rezoning.
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- Nick Lenaghan
July 2017
Folkestone lifts profits and dividends for 2017
Folkestone expects to almost double its normalised net profit this year as it expands its funds and projects.
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- Nick Lenaghan
April 2017
Childcare centre portfolio on the market
A $50 million, six-asset portfolio of childcare facilities has hit the Melbourne market.
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- Nick Lenaghan
December 2016
How the rich invest: Billionaire Stan Perron's huge property profits
Stan Perron, the oldest member of the BRW Rich List at 94, owns $3 billion worth of investment property.
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- John Stensholt
November 2016
Folkestone forms fund for Green Square hotel
Folkestone is launching a fund with a $22.5 million raising for a hotel development at Sydney's Green Square.
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- Nick Lenaghan
Folkestone outlines its growth ambitions
Folkestone, the real estate owner, developer and fund manager now controlled by property veteran Greg Paramor, is undertaking due diligence on six new projects.
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- Robert Harley
September 2016
Trying to find value when valuation measures don't work
Low bond yields have been providing an artificial boost to cash flow-based valuations for years.
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- Philip Baker
July 2016
Folkestone launches retirement fund with upmarket deal
Folkestone has acquired Watermark Castle Cove in Sydney, to launch its first retirement living fund
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- Nick Lenaghan
March 2016
A-REITs set to outperform in volatile times says fund manager
Volatile property markets mean investors need to be more strategic about targeting assets and less reliant on overall market uplift, Adrian Harrington, managing director of Folkestone Funds Management, says.
- Duncan Hughes
October 2015
Corporate action in listed property as investors hunt out value
A surge of corporate activity is building in the listed property sector as wholesale investors seek secure real estate returns, identify untapped value and look to cut management costs.
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- Nick Lenaghan and Robert Harley
August 2015
Greg Paramor rewards Folkestone faithful with return to dividend
Greg Paramor-led Folkestone has promised to recommence dividends in 2016, five years after the property veteran took over the listed fund manager with a bold plan for recovery.
- Nick Lenaghan
November 2014
Folkestone calling for bids for $42m raising
Real estate investment group Folkestone Limited is calling for institutional bids by 10am AEDT on Tuesday for a $42 million capital raising.
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- Sarah Thompson, Anthony Macdonald and Jake Mitchell
Folkestone wins supports for merger
Listed fund manager Folkestone has won support from investors and analysts for a plan to merge two childcare property-based funds it controls, creating a vehicle with a $545 million portfolio.
- Nick Lenaghan
Property briefs
Builder Grocon faces a maximum fine of just over $305,000 after Magistrate Charles Rozencwajg on Thursday accepted the company’s application to plead guilty to one workplace safety charge over the collapse of a wall that killed three people in Melbourne last year.
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Folkestone to merge childcare trusts, bulk up for fight
Fund manager Folkestone has proposed merging its two listed childcare trusts, the $385 million Folkestone Education Trust and the $77 million Folkestone Social Infrastructure Fund.
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- Larry Schlesinger