Personal Art Collections of KAWS, Jeff Koons & More

The New York Times’ T Magazine takes a look inside of today’s most popular artists, showing how their personal art collections connections with their personality. Above, KAWS’ lonely “Companion” figure is informed by the absurd, folksy drawings of R. Crumb and the mystic, psychedelic illustrations of Tadanori Yokoo. “I’m like a cat lady, but with […]

Cromwell Property Group launches $129 million raising

CROMWELL Property Group has become the latest player to capitalise on the improving sentiment towards unlisted property with the launch of the $129 million Cromwell Property Trust 12. A series of property groups have capitalised on the easier conditions for raisings with Armada Funds Management drawing about $20m of equity to buy a Victorian shopping […]

Two unlisted funds plan $424m merger

AUSTRALIAN Unity Investments is looking to merge two unlisted funds it manages to create a $423.62 million commercial property vehicle. The proposal will see the $95.61m Australian Unity Fifth Commercial Trust merged with the larger $328.1m Australian Unity Office Property Fund. The OPF is an open-ended unlisted property fund that owns eight office buildings in […]

Redcape bookbuild faces strong demand

SHARES in Redcape’s new $500 million-plus Hotel Property Fund will probably trade at the upper end of its $2 to $2.15 range when it lists on the Australian Securities Exchange next month, according to market sources. The bookbuild had been accelerated because of strong demand, sources said. It was launched last night after Asian markets […]

FOLKESTONE COMMENCES STAGE 1 AT MILLERS ROAD, ALTONA NORTH AND ANNOUNCES NEW INCOME FUND

Folkestone Limited (ASX:FLK) is pleased to announce the commencement of Stage 1 of the Millers Road, Altona North development and the sale of the development to a new unlisted fund – the Folkestone Real Estate Income Fund at Altona North. The 21,500 square metre large format retail centre (“the Centre”) will be anchored by Bunnings and includes Officeworks, […]

Jason Huljich CEO of Centuria Property Funds talks the strength of the Australian commercial property market and Centuria’s acquisition of 50% interest in 8 Central Avenue, Australian Technology Park, Sydney, for AUD $99.62 million

It’s no secret that the Australian property market is booming. Centuria’s unlisted property funds division has been the quiet achiever over recent years, amassing 47 individual properties in 28 unlisted funds, with a combined value of over AUD $1.1 billion. Since inception in 1999, Centuria has managed over $450 million of assets   to completion at an average […]

Centuria syndicate to capitalise on city fringe

CENTURIA Capital is set to launch a new syndicate after buying a half stake in the Seven Network’s $200 million headquarters building in the inner Sydney suburb of Redfern. The move comes as more syndicators look to launch unlisted property products that appeal to investors fed up with low interest rates from bank deposits. The […]

Dixon, Fort St raise $160.7 million for commerical property launch

CAPITAL RAISING: Sydney-based Fort Street Advisers and financial planners Dixon Advisory Group have raised $160.7 million for a new commercial property fund. The raising, completed yesterday, was more than $60m oversubscribed. Fort Street Advisers director Ian Holmes said the Australian Property Opportunities Fund – Fort Street’s first venture in funds management – was expected to […]

Centuria prepares for A-REIT float with trusteeship of North Sydney trophy asset amid expectations of strong 2013 results

Centuria is preparing for a possible July float of its listed property trust after taking over as responsible entity of the North Sydney Property Trust, which comprises the Northpoint Tower office and retail complex in North Sydney. Northpoint stands at 100 Miller Street at the corner of the Pacific Highway and Miller Street, comprising two […]

Cromwell Unlisted Property Trust Fund Raising Completed

Cromwell Property Group (ASX: CMW) is pleased to announce the completion of the fund raising for the Cromwell Box Hill Trust. The single asset unlisted property trust managed by Cromwell Funds Management Limited was launched in December 2012 to raise approximately $66.5 million to fund construction of an eco-friendly, 20-storey office building in Box Hill […]

AMP raises $200 million to develop Sydney’s second biggest shopping mall in North Ryde

AMP Capital will use $200 million of new equity raised from investors in its Shopping Centre Fund to help fund the redevelopment of Macquarie Centre in North Ryde into the second biggest mall in Sydney as well as upgrade the Ocean Keys mall in Perth. In October last year, AMP Capital announced it would spend $390 […]

Harrington expands retail holdings

Sydney’s Fairfield Forum Shopping Centre has been bought for $32 million by Harrington Property Group from super­annuation fund-backed group ISPT. Whilst chaired and assisted by property tycoon Greg Shand of the Barana Group, Harrington was founded by property executives Matt Davison and Trevor Byles as an independently run group in December. Harrington is one of […]

Vote of confidence for unlisted property funds

Unlisted property funds are returning to strength in the wake of the GFC, now five years behind us. They are vying for retail investors and making their presence known in the transactions market. After humbling lessons learned during the credit crunch, gearing is down and transparency is back in, according to the Australian Financial Review. […]

MP talks with Jason Huljich, CEO of Centuria Property Funds about their $56 million acquisition of 175 Castlereagh Street, Sydney.

Centuria Property Funds manages a portfolio of over $1.1 billion AUD through 29 unlisted property funds. The group’s robust 15-year track record has seen significant and sustainable growth through global economic downturns including the completion of 19 funds that have averaged an impressive investor return of over 17% per annum. Centuria Property Funds CEO Jason […]

Centuria acquires 175 Castlereagh Street from Stockland

Centuria Property Funds has agreed terms to acquire 175 Castlereagh Street from Stockland for $56 million. The office tower consists of 13 upper office levels, ground floor retail, and four levels of basement parking – a net lettable area of 11,859 square metres- and will form a single asset unlisted property trust. The sale, which is still […]

Libermans lift ReCap stake, Saban offer to buy US portfolio

Real Estate Capital Partners USA Property Trust has received an offer from US investor Saban Capital to buy out its US portfolio. ReCap’s board has recommended shareholders accept the offer for the portfolio  which consists of two properties and its 35 per cent interest in a joint venture – for $56 million. The result, should the transaction proceed, will be for ReCap to […]

Centruria sells 601 Bourke Street for $29.1m and acquires 19 Corporate Drive for $23.3m

A private European fund has acquired 601 Bourke Street, in Melbourne’s CBD for $29.1million. The 11-level building at 601 Bourke Street has 7980 square metres of net lettable area and basement parking for 26 vehicles. Jones Lang LaSalle agents James Kaufman and Rob Anderson and CBRE agents Mark Coster and Mark Granter brokered the sale. The vendor, Centuria […]