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Melbourne
Fragrance Group launches new residential tower and hotel
SINGAPORE (July 13): Fragrance Group today announced that it has officially launched its development project in Melbourne and a new-build hotel in Tasmania.
July 13, 2017
Keppel REIT unit to acquire 50% stake in Melbourne property for $362 mil
SINGAPORE (June 29): Keppel REIT’s wholly-owned sub-trust Keppel REIT (Australia) Sub-Trust 5 has entered into an implementation deed to acquire a 50% interest in a premium office tower to be developed at 311 Spencer Street in Melbourne, Australia for A
June 29, 2017
Results
Frasers Logistics & Industrial Trust’s 1Q DPU beats forecasts by 6.7% at 1.75 cents
SINGAPORE (May 5): The manager of Frasers Logistics & Industrial Trust (FLT) has declared a distribution per unit (DPU) of 1.75 cents for the 1Q ended March, exceeding the forecast DPU of 1.64 cents by 6.7%.
May 05, 2017
Property
Tong Eng could gain over $20 mil from sale of Melbourne development site
SINGAPORE (April 13): Tong Eng Group is said to be selling a development site in the Melbourne CBD at 111-125 A’Beckett Street for between A$60 million-A$80 million ($63 million-$84 million), according to an article published yesterday by The Australian
April 13, 2017
Results
Ho Bee Land posts a 32% rise in 3Q earnings to $27 mil on sales from Australia
SINGAPORE (Nov 10): Ho Bee Land reported a 31.8% increase in 3Q16 earnings to $26.7 million from a year ago.
November 10, 2016
Frasers Centrepoint acquires land parcel in Melbourne suburb for $466 mil mixed-use development
SINGAPORE (Oct 25): Frasers Property Australia, a unit of Frasers Centrepoint Limited, has secured 974 Black Forest Road – a 115 hectare land parcel in Wyndham Vale, a suburb of Melbourne, Victoria, Australia – for an undisclosed sum.
October 25, 2016
Sing Holdings to acquire Melbourne hotel for $113 mil
SINGAPORE (Oct 17): Property developer and investor Sing Holdings is acquiring Travelodge Docklands hotel in Melbourne for A$107 million ($113 million) from seller GL InvestmentCo Melbourne.
October 17, 2016
Crown plunges after China detains high-roller chief, 17 others
(Oct 17): Crown Resorts, the Australian casino company controlled by billionaire James Packer, plunged after Chinese authorities detained 18 of its employees including the head of its international high-roller operations.
October 17, 2016
Straits Trading refutes online media claims of Melbourne office tower sale
SINGAPORE (Sept 22): The Straits Trading Company has issued a statement to clarify the claims made by two Australian online news platforms, The Australian Financial Review and The Australian, that it has sold its office building at 114 William Street in M
September 22, 2016
Broker's Calls
Rights issue likely to boost free float, valuations for Frasers Hospitality Trust
SINGAPORE (Sept 14): Daiwa says the imminent rights issue of Frasers Hospitality Trust (FHT), albeit dilutive, could help to improve its free float and valuations.
September 14, 2016