Latest Real Estate News

Dexus has agreed to sell its half stake in 480 Queen Street, Brisbane, for $700 million, freeing capital to support higher-return projects and reduce gearing by about one percentage point.

WAM Leaders outperformed the ASX 200 by 7.9% in FY2026, boosting its fully franked dividend to 9.6 cents per share and delivering a total shareholder return of 24.7% including franking credits.

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.

LDR Capital Property Fund has completed its fourth asset divestment since taking management earlier this year, selling a fully leased office in Felixstow for $30 million and realising $106 million in total proceeds to reduce debt.

SkyCity Entertainment Group has completed the unconditional sale of its 99 Albert Street and Victoria Street properties for $74.5 million, aiming to reduce debt and boost financial flexibility.

Dexus has secured a court date in October for the pivotal appeals in its ongoing APAC legal dispute, with multiple parties lodging cross-appeals and contentions following the May Supreme Court judgment.

Centuria Capital Group has completed the retail portion of its fully underwritten entitlement offer, adding $35 million to a prior $265 million institutional raise. The equity raise proceeds will support ongoing growth initiatives.

Ingenia Communities is in discussions with Peet Limited and potential capital partners to extend its land lease portfolio beyond its current five-year plan, aiming to boost scale and financial flexibility.

Ingenia Communities Group confirms it is in discussions with Peet Limited and potential capital partners to explore extending its land bank and accelerating growth in the land lease segment.

Rural Funds Group has exchanged contracts to sell five agricultural assets for $255.6 million, trimming gearing to a pro forma 31.6% and reaffirming its FY26 income forecast.

New Zealand Rural Land Company faces uncertainty as Kiwi Crunch Farms, a tenant accounting for nearly 6% of rental income, enters receivership. Additional leases tied to the same owner add to risk, prompting suspension of earnings guidance.

Summerset Group maintained stable new sales in Q2 2026 with a notable 26% jump in resales, while prudently reducing its New Zealand build rate in response to economic uncertainty.