Latest Apartment Settlements News

Finbar has fully repaid the development facility backing its Garden Towers project after settlements began, leaving completed stock debt-free. The East Perth project has recorded $170.5 million in settled sales, with further proceeds expected to support H1 FY27 performance and return capital to the joint venture partners.

Group One Capital delivered a sharp revenue increase and remained profitable in FY2026 as structured finance emerged as a material new income stream. The opportunity is significant, but future fee receipts remain tied to project settlements, refinancing and contractual conditions.

360 Capital Mortgage REIT is appointing receivers across its Bathla-related loans and preparing to sell 162 homes, apartments, townhouses and land lots. The Trust retains $6.3 million in cash and expects monthly distributions to continue, but their level may fluctuate as recoveries progress.

Mustera Property Group reports strong sales momentum with $15.05 million contracted at its Verse on McCabe development, alongside a $3 million settlement at Forbes Residences, setting the stage for construction to begin in Q2 2026.

Mustera Property Group has advanced its Verse on McCabe development with design finalised and a strong sales campaign, securing over $10 million in contracts post-quarter. Meanwhile, Forbes Residences continues to deliver solid sales and the company benefits from refinancing that reduces financing costs.

Lendlease Group has returned to profitability in FY25 with a statutory profit of $225 million and a 44% increase in distributions, underpinned by significant capital recycling and cost savings. The group is poised for growth with a robust development pipeline and a strong construction backlog.

Mirvac Group reported a surge in residential sales and advanced capital partnerships for major developments, reaffirming its FY25 earnings guidance amid strong leasing and occupancy across its portfolio.

Lendlease Group has reported a statutory profit after tax of $48 million for the half year ended December 2024, reversing a prior loss and announcing a 6.0 cent interim distribution. The company is advancing key asset sales including Capella Capital and its US Military Housing business as part of its strategic transformation.

Lendlease has agreed to sell Capella Capital for $235 million and completed the $516 million sale of its US Military Housing business, reinforcing its strategy to streamline operations and reduce funding needs.