Investment News

The battle for cinema and theme park owner Village Roadshow is heating up, with private equity firm BGH Capital lobbing a rival takeover proposal as it looks to take on fellow local investment house PEP.

Gaming mogul Tony Fung’s deal to sell the Casino Canberra has been terminated as the vendor refused to give prospective buyer, Sydney-based funds manager iProsperity Group, more time to win regulatory approval to buy the property.

The strong demand for alternative property assets has been put on display with investors pouring almost $300m into the country’s largest unlisted healthcare property fund.

Some of Victoria’s most renowned pubs, shops and clubs were among the most notable commercial listings on the market in 2019.

Credit to the private sector has slowed to its weakest annual growth rate in almost a decade, stoking concerns about the pace of any near-term turnaround in the economy.

The heat in Australia’s office market has been put on display, with one of Asia’s largest real estate investment trusts heading the field to acquire an office building beside Westfield Sydney for close to $700 million.

The powerful AMP Life operation is offering about $300m worth of units in one of the nation’s top retail landlords, the AMP Capital Shopping Centre Fund, for sale at a discount of about 7%.

Canadian behemoth Brookfield has won a major foothold in Australia’s retirement living sector, with Aveo shareholders voting to approve its takeover scheme.

Taiwanese-backed developer Shayher Group has added to the rush of commercial property purchases in Queensland, picking up Brisbane’s landmark Q&A Centre for about $395 million.