ASX Announcements
Notification of cessation of securities - MGR
Appendix 3H (Notification of cessation of securities)
- Jul 4, 2024
- 4 pages
Market Sensitive
Notification of Results/Reporting Date, Trading Update
- Jun 28, 2024
- 1 page
Dividend Record Date, Dividend Pay Date, Dividend Rate
- Jun 18, 2024
- 6 pages
Notification of cessation of securities - MGR
Appendix 3H (Notification of cessation of securities)
- May 7, 2024
- 4 pages
Yesterday
Macquarie says it’s time to buy real estate stocks before rate cuts
The broker has warned that the “best” phases for ASX returns is behind us and is urging investors to buy more defensive companies amid signs that returns are starting to falter.
- Joshua Peach
- Opinion
- Property investment
This fledgling asset class is generating double-digit returns
Investors are earning attractive returns from land lease communities, which can generate an annuity-style income.
- Sam Tamblyn
This Month
UBS has a new suggestion for REIT investors – buy battered Mirvac
The bank’s analysts, in a 65-page overview of the sector, said the market had yet to confront the impact of higher interest rates. It expects two increases.
- Kylar Loussikian
Local REITs outpace broader market despite sagging asset valuations
Goodman Group was the standout performer in the 12 months to June 30, buoyed by rising demand from investors for exposure to data centres.
- Updated
- Kylar Loussikian
Crown Group founder fails to raise funds to buy back 473-unit site
Crown Group co-founder Paul Sathio had won the tender to buy the site but was unable to accrue enough funds by the settlement date.
- Campbell Kwan
June
Trump, Biden spar; ANZ-Suncorp deal gets nod; RBA’s rates humiliation
Read everything that’s happened in the news so far today.
Mirvac sells $1.3b stake in new tower to Mitsui
The transaction is the latest evidence of the company’s efforts to trade out of lower-quality office assets and focus on new, premium ones.
- Michael Bleby
City Tattersalls Club to sell Pitt St property after BlackRock walks
Should the deal complete as expected, City Tatts will lose ownership of the sprawling property, its crown jewel built via multiple acquisitions, after a century.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Office
Minters to sit atop Mirvac’s 55-storey office tower
The top-tier law firm will take up the top floors of 55 Pitt Street, as Sydney’s legal eagles vie for the best perches across the CBD.
- Campbell Kwan and Maxim Shanahan
- Exclusive
- Industrial relations
Pay dispute delays construction of 1600 homes
Industrial action by workers at poles and wires company Endeavour Energy is stalling the delivery of 1600 homes and $1.2 billion worth of warehouses in Sydney.
- Campbell Kwan and David Marin-Guzman
GreenFort Capital targets $800m land lease portfolio
There’s a growing snowball of players and money rolling into the residential property play on one of Australia’s biggest demographic changes.
- Michael Bleby
- Exclusive
- Office
Mirvac set to sell two office towers at discounts of more than 20pc
Pricing for the latest deals on the office towers in Sydney and Melbourne – worth close to half-a-billion dollars in total - shows just how far values have fallen.
- Campbell Kwan and Nick Lenaghan
- Exclusive
- Retail property
Region Group ends two-year drought with $74m mall deal
The country’s biggest owner of suburban malls has made its first acquisition in two years after buying Canberra’s Cooleman Court centre from Mirvac.
- Larry Schlesinger
May
- Opinion
- Property market
The big fail in Australia’s housing
The Albanese government’s promises of 1.2 million homes over five years are now in the realm of political fantasy, despite the billions of dollars it has pledged for housing.
- Jennifer Hewett
- Exclusive
- Property development
Developer Avid flags $1.4b land lease housing play
The privately owned developer that acquired Villa World in 2019 has expanded into the fast-growing land lease business. At scale.
- Michael Bleby
April
- Exclusive
- Funding
Sydney start-up Honey Insurance lands blockbuster $108m US investment
After 305 meetings Honey has closed a huge series A funding round, but it had to head offshore to find the right investors.
- Paul Smith
What to expect from the new governor-general, from those who know her
Praised for her integrity, empathy and roaring intellect, all those who have worked alongside Sam Mostyn, or seen her in action, expect great things when she starts her new role.
- Sally Patten, Hannah Wootton and Samantha Hutchinson
The new governor-general - in her own words
Sam Mostyn has been one of Australia’s most influential company directors for many years, shaping policies on gender, climate and First Nations issues.
- Hannah Wootton
Mirvac’s $364m sale of tower stake at 17pc discount sets the pace
Office tower values around the world have tumbled in response to the rise of remote work and surging interest rates.The latest deal shows the bottom is not far.
- Nick Lenaghan
Super funds nominating directors to boards ‘unwise’
Super funds that nominate a director to a company board may fail to change the organisation’s strategy and could lose flexibility to manage their investment, leading chairmen warn.
- Sally Patten