Latest Property News

Australian Silica Quartz Group (ASQ) has secured mining approval and completed the acquisition of Australian Kaolin, positioning its White Swan Kaolin Project for production with a 47.3Mt inferred resource and a 250,000tpa direct shipping ore operation.

Nick Scali Limited posted a 31% jump in net profit after tax to $75.7 million for FY26, driven by margin gains and UK sales recovery, and announced a fully franked final dividend of 39 cents per share.

Iris Cairns Property Trust has waived all remaining conditions on its $3.87 per unit takeover bid for Reef Casino Trust, securing 80.97% ownership and setting a firm 14 August close date.

Asset Plus Limited (NZX:APL) has increased its third quarter dividend to 0.25 cents per share, up from 0.20 cents, reflecting stronger Funds from Operations driven by a new lease at Munroe Lane.

Argent BioPharma's licensing partner Splash Beverage Group has launched the US veterinary development program for CannEpil®, targeting companion-animal oncology and chronic pain. Led by industry veteran Dr Hunter Land, the initiative follows a defined FDA regulatory pathway and could broaden CannEpil®’s commercial footprint beyond human neurology.

Pursuit Minerals has unveiled a comprehensive geological mapping study at its Sascha Marcelina Project in Argentina, defining a district-scale volcanic-hydrothermal system with five priority targets and setting the stage for maiden drilling from September 2026.

REA Group Ltd (ASX:REA) posted a robust FY26 with revenue up 7% to A$1.793 billion and core net profit rising 15% to A$682 million, supported by record audience engagement and strategic AI investments.

Promisia Healthcare is set to acquire Chatswood Retirement Village in Christchurch for $25 million, bolstering its East Christchurch presence and promising immediate earnings accretion.

Anson Resources has secured a conditional US$357.7 million incentive package proposal from Utah authorities, potentially easing capital and tax burdens for its Green River Lithium Project and enhancing its financial outlook.

Endeavour Group posted a 1.3% rise in FY26 sales to $12.2 billion but underlying profit slipped as it flagged $372 million in significant asset write-downs and restructuring costs.

Precinct Properties has obtained resource consent under the Fast-track Approvals Act 2024 for its Downtown Carpark project, advancing a key development milestone ahead of its August annual results.

Charter Hall Social Infrastructure REIT (ASX:CQE) reported a 13.1% rise in operating earnings per unit for FY26, driven by strategic acquisitions and strong rental growth, while raising guidance for FY27.