Latest Industrial Property News

Washington H. Soul Pattinson and Brickworks have secured Supreme Court approval for their share schemes, marking a key milestone as Topco shares prepare to enter the ASX market.

The Supreme Court of New South Wales has approved the merger of Brickworks Limited and Washington H. Soul Pattinson, paving the way for a new ASX-listed entity, First Services Company Ltd. Shareholders will soon exchange their Brickworks shares for Topco shares as trading transitions next week.

Shareholders of Washington H. Soul Pattinson and Brickworks have overwhelmingly approved their respective Share Schemes, paving the way for a landmark merger pending court approval.

Washington H. Soul Pattinson shareholders convened to approve a transformative merger with Brickworks, aiming to simplify structure and boost portfolio diversification under a new entity, Topco.

Centuria Industrial REIT has successfully settled a A$325 million exchangeable notes offering due 2030, simultaneously repurchasing nearly A$300 million of its higher-cost notes maturing in 2028. This refinancing move aims to extend debt maturity and reduce interest expenses.

Washington H. Soul Pattinson and Brickworks Limited have scheduled key shareholder meetings and court hearings to advance their proposed merger, aiming to create a newly capitalised ASX-listed entity.

Washington H. Soul Pattinson and Brickworks Limited are advancing their proposed merger with key shareholder meetings and Supreme Court hearings scheduled in September 2025.

Eden Innovations Ltd reported a 21% revenue increase driven by global sales growth, yet its net loss widened significantly due to prior year asset revaluations and ongoing operational costs. The company is undertaking major financial restructuring including a share consolidation and rights issue to stabilize its balance sheet.

Centuria Industrial REIT has expanded its exchangeable notes offering to $325 million, reflecting robust investor appetite, while simultaneously repurchasing nearly all its existing notes due 2028.

Goodman Group has confirmed the dispatch of its 15.00 cents per stapled security distribution for the first half of 2025, maintaining its steady income stream for investors.

Goodman Group has announced a total distribution of 15 cents per stapled security for the year ended 30 June 2025, combining dividends from its Hong Kong logistics arm and its Australian industrial trust.

Maas Group Holdings Ltd reported a 6% rise in FY25 underlying EBITDA to $219.4 million, driven by robust growth in Construction Materials and Commercial Real Estate. The company’s disciplined capital management and strategic acquisitions set a positive tone for FY26.