Core Property held its Property Funds Industry Forum 2017 at Noosa Heads, Qld from 15-17 October 2017. The theme of the conference was “Waves of change, oceans of opportunities“ with 13 presentations by industry speakers. Some key themes discussed include the strength of the global economies, the movement of offshore capital, legislative changes, as well as opportunities in specialised sectors such as shared workspaces, agricultural investments and student accommodation. We will be exploring some of these issues over the coming months, so stay tuned!
- Centuria Capital Group (ASX: CNI) have increased their ownership of Centuria Metropolitan REIT (ASX: CMA) to 19.9%, an increase of 1.8%. Earlier in the month CNI increased their ownership in Centuria Industrial REIT (ASX: CIP) to 17.75% (from 13.98%). The increased shareholders come amidst rumours that Asian based logistics plater ESR will make a move on the Centuria entities as well as listed player Propertylink (ASX: PLG).
Charter Hall Retail REIT (ASX: CQR) has placed 802-808 Pacific Highway, Gordon NSW a retail shopping centre up for sale, with expectations of over $150M. The property was purchased in 2010 for $67M from Dexus (ASX: DXS)
SCA Property Group (ASX: SCP) has purchased a retail shopping centre at 7 Walker Rd, Edmonton Qld, for $24.75M. The property was acquired from Industry Superannuation Property Trust and Coles on a fully leased initial yield of 6.76%.