Latest Property Management News

The GPT Group reported a solid first half in 2026, posting 5% growth in funds from operations and expanding its assets under management to $41.6 billion. Major development projects and capital initiatives underpin its steady momentum.

Millennium & Copthorne Hotels New Zealand (NZX:MCK) reported a 12% revenue increase and a 58% rise in profit before tax for the first half of 2026, driven by hotel refurbishments and growing room availability despite softer property sales.

Axtec has secured a strategic partnership with MRI Software to integrate its full product suite into widely used Australian real estate software, opening a major distribution channel across agent networks nationwide.

International Equities Corporation Ltd (ASX:IEQ) posted a modest profit for the June 2026 quarter, reversing prior losses amid a challenging economic backdrop that forced the company to exit its hotel and tourism activities.

Recce Pharmaceuticals has expanded its intellectual property footprint with a key patent granted in Vietnam for its RECCE® anti-infective drugs, reinforcing its presence in a critical Southeast Asian market grappling with high antibiotic resistance.

TZ Limited (ASX:TZL) has launched a 1-for-4 non-renounceable entitlement offer priced at 3 cents per share, aiming to raise approximately $2.58 million to reduce debt and fund growth initiatives.

Centuria Capital Group unveils a vertically integrated AI and data centre strategy through its partnership with ResetData, aiming to capture surging sovereign AI demand amid global supply constraints.

The GPT Wholesale Shopping Centre Fund is set to deepen its retail property exposure with a $1.2 billion acquisition of interests in two major super-regional shopping centres, Sunshine Plaza and Macarthur Square. This move leverages recent capital raises and underlines GPT's strategy to scale through partnerships.

LDR Capital Property Fund has initiated its portfolio repositioning strategy by exchanging contracts to sell a secondary office asset in Cannon Hill for $24.8 million, aiming to recycle non-core assets and reduce debt without affecting FY26 distributions.

Rural Funds Group has lodged replacement constitutions for its key trusts, Rural Funds Trust and RF Active, refining governance, stapling mechanics, and compliance frameworks to align with evolving regulatory standards.

Vicinity Centres has secured Eastern Creek Quarter, a hybrid retail hub in Western Sydney, for $400 million, boosting its metropolitan Sydney presence and outlet network.

Dexus has partnered with Boral to develop a massive 2.5 million square metre logistics precinct in Melbourne’s west, aiming to create Australasia’s largest institutionally held industrial hub.