Latest Property Sector News

Arena REIT announces a planned CEO transition with Rob de Vos stepping down after 13 years, handing the reins to current CIO Justin Bailey following the November AGM.

Finbar Group has sold out its $113 million Bel-Air Apartments project well before its anticipated mid-2026 completion, highlighting strong demand for mid-tier apartments in Western Australia.

Charter Hall Long WALE REIT reports a $118.3 million statutory profit for FY25, reversing last year's heavy loss, while maintaining stable distributions and actively managing debt facilities.

BWP Group reported a strong $265.6 million net profit for FY2025, driven by property valuation gains and rental growth, while completing a major internalisation and lease reset transaction with Wesfarmers.

The Lederer Group has made an unsolicited off-market takeover offer for Elanor Commercial Property Fund at 70 cents per security, prompting the Fund's board to carefully consider its response.

Finbar Group has reinstated regular dividends with a fully franked 2 cent final payout for FY25, supported by a robust $36 million cash reserve and a strong development pipeline exceeding $1 billion in value.

AVJennings shareholders have overwhelmingly approved a scheme of arrangement for a $0.655 per share cash acquisition by Proprium Capital Partners and AVID Property Group, marking a significant premium and a pivotal moment for the residential property developer.

Finbar Group has acquired a prime West Leederville site for $15.7 million, aiming to develop 240 apartments valued at $200 million, with earnings expected by FY2030.

Keybridge Capital has obtained a $9.3 million bridge funding facility from Active Asset Management, supported by an ASX waiver allowing the deal without prior shareholder approval. The funding aims to address urgent liquidity and solvency challenges while trading remains suspended.

Raptis Group Limited has appointed Russell Garnett as its new CEO and Managing Director, effective July 1, 2025, with a remuneration package heavily weighted towards long-term performance incentives.

AVJennings Limited has secured crucial approvals from Australian and New Zealand regulators for its proposed acquisition by PM Nominees C Pty Ltd, moving the deal closer to completion.

State Street Global Advisors has announced a 31.56 cents per unit cash distribution for the SPDR S&P/ASX 200 Listed Property ETF for the period ending June 30, 2025, including franking and foreign tax credits.