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The Australian Financial Review reports the latest news from business, finance, investment and politics, updated in real time. It has a reputation for independent, award-winning journalism and is essential reading for the business and investor community.
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News
Cerberus kicks off auction for $1b land lease player Lincoln Place
4+ week, 1+ hour ago (120+ words) AFR New York’s Cerberus Capital Management is preparing to pitch Lincoln Place as Australia’s fastest-growing land lease communities operator, instructing its bankers to launch a $1 billion-plus auction after nearly a year of preparations. Street Talk can reveal Goldman Sachs will…...
Do you want a moveable apartment? It’s yours for $1.5m
3+ mon, 2+ week ago (107+ words) AFR GemLife, which has increased its share price 7 per cent in just 10 months as a listed company, plans to take its established land lease business into suburban areas after patenting a multistorey modular-build process that allows it to develop communities…...
Defence to sell 67 prestige suburb sites in $1.8b property overhaul
7+ mon, 1+ week ago (76+ words) AFR The federal government will sell 67 military sites, including bases across Melbourne, Brisbane and Sydney’s north shore and eastern suburbs, in a move that will raise up to $1.8 billion for the defence budget and free up land for housing. But…...