Lendlease sells shopping centre stakes for $1.3B
Lendlease Group (ASX:LLC) has exchanged contracts to sell its 50% interest in two major regional shopping centres to Cbus Property.
Lendlease Group (ASX:LLC) has exchanged contracts to sell its 50% interest in two major regional shopping centres to Cbus Property.
Dexus Convenience Retail REIT (ASX:DXC) reported its FY26 results, confirming a full-year distribution of 20.9 cents per security.
The New South Wales government confirmed that federal tax changes and interest rate increases are lowering property values in Sydney.
The Agency Group Australia (ASX:AU1) confirmed a non-binding merger proposal valuing its shares at $0.04 each.
Charter Hall Retail REIT (ASX:CQR) reported full-year operating earnings of $153.4 million, up 4% from the prior year.
REA Group (ASX:REA) reported a 15% increase in full-year core net profit to $650 million following strong yield growth.
GLG Corp (ASX:GLE) expects to record an unaudited net loss of US$2 million for FY206.
Lendlease (ASX:LLC) executed an agreement to divest its remaining 25.1 per cent interest in Keyton for $525 million.
Washington H. Soul Pattinson and Company (ASX:SOL) agreed to divest certain industrial property trust interests for $1.89 billion.
Vicinity Centres (ASX:VCX) exchanged contracts with Frasers Property to acquire the Eastern Creek Quarter in Western Sydney for $400 million.
Fletcher Building (ASX:FBU) will sell its Laminex Australia manufacturing site in Cheltenham to investment manager Forza Capital for $53.8 million.
Treasurer Jim Chalmers has indicated that any upcoming reforms to negative gearing and capital gains tax (CGT) will likely include safeguards for existing asset holders.
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