ASX Announcements
Market Sensitive
S&P DJI Announces December 2024 Quarterly Rebalance
Standard and Poor’s Announcement
- Dec 6, 2024
- 2 pages
Notification regarding unquoted securities - DXS
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Nov 27, 2024
- 6 pages
Yesterday
- Exclusive
- Shopping centres
Dexus appeals forced sale of $830m Macquarie Centre stake
Dexus is disputing a court decision that requires one of its managed funds to sell a half stake in the Sydney shopping mall to its co-investors.
- Campbell Kwan
This Month
Dexus lobs bid for big super’s Aussie student apartment portfolio
Of note, Canadian giant Brookfield also participated in the first round but ultimately decided the asset wasn’t for it.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
- Exclusive
- Shopping centres
Dexus circles $830m of malls to catch retail wave
The property giant is on the hunt for a major shopping centre, looking at the likes of Woodgrove mall and a half stake in Erina Fair.
- Campbell Kwan
ASX property stocks are the ‘quiet achievers’, says SG Hiscock
Portfolio manager Grant Berry says residential developer Peet has the most near-term upside and opportunity abounds in the smaller end of the property sector.
- Joanne Tran
UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus
The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.
- Campbell Kwan
- Exclusive
- Office
Aware Super’s $200m Brisbane tower deal to revive bruised market
The $180 billion fund is in talks to buy the Ann Street tower. If completed as expected, it will be the first office deal there by a local super fund in five years.
- Campbell Kwan
October
Sale docs out for Dexus’ stake in Melbourne, Launceston airports
Melbourne airport revenue grew 17 per cent to $1.2 billion in the 2024 financial year, while EBITDA rose 21 per cent to $82.1 million, according to the teaser.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Westpac splits from ABA; Attempted kidnapping; Next battle for offices
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
What we learnt from walking Sydney with our biggest office landlord
Exploring the streets of its CBD with the chief executive of commercial property giant Dexus, it fast becomes clear that the outlook is far from settled.
- James Thomson
More pain to come for office tower values despite 20pc tumble
Challenges to the office sector mean only the best towers are expected to increase in value as interest rates fall.
- Campbell Kwan
Alibaba’s Australian office changes hands for $30m
In the Melbourne CBD market hit hard by the pandemic, some office vendors hope high replacement costs make their existing buildings more attractive.
- Michael Bleby
September
Three-horse race at Queensland Airports; Dexus snags a wingman
Dexus has survived the loss of a bid partner while KKR’s dealmakers seem to have overcome last-minute doubts about lobbing a binding bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Chris Lucas’ 24/7 recipe for success
Renowned restaurateur has been working with developers to transform the ground level of major new projects with upmarket restaurants.
- Nick Lenaghan
- Opinion
- Chanticleer
‘End of WFH nonsense’ not the only factor in office property fightback
The office property market is deeply divided between the assets no one wants and the jewels that are in short supply.
- James Thomson
Grounded: KKR, Skip mull throwing in towel at Qld Airports auction
Street Talk understands private equity suitor KKR and its consortium partner Skip Capital’s commitment to the QAL auction is waning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Office values drop 22pc in two years. When will they bottom?
That is a big fall in defensive, long-life assets. It’s part working from home, part interest rates. It can’t continue forever, but it hasn’t slowed yet.
- Anthony Macdonald
ART buys Queensland’s 33pc of NZ poles-and-wires biz Powerco
The deal takes ART to 58 per cent ownership of Powerco, up from 25 per cent.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Time to buy into REITs: Barrenjoey
Property stocks have weathered the interest rate storm, according to Barrenjoey, who say investors could be “well served” to increase their exposure.
- Nick Lenaghan
Investors have moved away on private hospitals, industry warns
Investors in private hospital developments have shifted away from the sector, further heaping pressure on the healthcare system.
- James Hall and Michael Smith
August
- Exclusive
- Retail property
Dexus to offload Townsville mall for more than $200m
The looming sale of the Willows Shopping Centre comes amid a noticeable pick-up in deal activity, including from ASX-listed Scentre and Vicinity.
- Larry Schlesinger
