Latest Residential Development News

Desane Group Holdings Limited reported a solid FY25 profit and declared a special dividend following a key property sale, while advancing major development projects in Penrith and Leichhardt.

Mustera Property Group has advanced its Verse on McCabe development with design finalised and a strong sales campaign, securing over $10 million in contracts post-quarter. Meanwhile, Forbes Residences continues to deliver solid sales and the company benefits from refinancing that reduces financing costs.

Mirvac Group reported a strong start to FY26 with a 79% surge in residential lot sales and a strategic joint venture with Mitsubishi Estate unlocking $450 million in capital. The company reaffirmed its full-year earnings guidance amid robust leasing and development progress.

Stockland has reaffirmed its FY26 financial guidance following a strong first quarter marked by solid sales in masterplanned and land lease communities and positive leasing outcomes across its commercial portfolio.

Eildon Capital Group has recommended that securityholders accept Samuel Terry Asset Management’s unsolicited $0.875 per security takeover offer, which represents a 24% premium to recent trading prices. An independent expert has deemed the offer fair and reasonable, but uncertainties remain around board composition and liquidity post-offer.

Gowing Bros. Limited posted a $3.29 million loss for FY25 but declared a fully franked 3 cent final dividend, highlighting ongoing development at Sawtell Commons and a strong sustainability agenda.

United Overseas Australia Ltd has completed its acquisition of a prime land parcel in Ho Chi Minh City, setting the stage for a major Grade A office development that aligns with Vietnam’s growing financial hub ambitions.

360 Capital Mortgage REIT (ASX – TCF) has announced a non-renounceable 1-for-1 entitlement offer to raise approximately $45.2 million, aiming to expand its senior loan investments secured by Australian real estate. The offer includes an oversubscription facility and a shortfall offer targeting wholesale and institutional investors.

Finbar Group has secured a prime development site in South Perth for $9.2 million, boosting its five-year pipeline to over $1.15 billion and targeting a 2026 market launch.

CVC Limited reports a stable FY2025 profit alongside a robust landbank poised for significant value uplift, targeting a net tangible asset per share of $5.75 through strategic rezoning and development.

Scentre Group reported a 3.2% rise in Funds From Operations for H1 2025 and upgraded its full-year distribution guidance, driven by record occupancy and retail sales growth across its Westfield portfolio.

Scentre Group reports a 3.2% rise in first-half Funds From Operations to $587 million and upgrades its full-year distribution guidance, reflecting strong retail property performance and strategic growth initiatives.