Carolyn Cummins

Property

Marina Bay offices open

Carolyn Cummins The $4 billion Marina Bay Financial Centre was officially opened on Wednesday in Singapore, with three office towers finished on schedule and close to 100 per cent occupied, defying the slowness of...

Real Estate

Former Centro group bounces back

Carolyn Cummins Federation Centres has bounced back from its past years of debt and court action with a new focus on food, which has seen it report a sales growth of 2.4 per cent for the three months ending March 31.

Retail

Food helps Federation Centres lift sales growth

Carolyn Cummins Federation Centres has bounced back from its years of debt and court action.

Commercial real estate

Stockland wins tick of approval

Carolyn Cummins Investors embrace Stockland's strategic review, with analysts factoring in growth for 2014-15.

Commercial real estate

Westfield flat but dividend looks secure

Carolyn Cummins Westfield's sales are expected to be boosted by performance from its overseas businesses.

Property

Stockland earnings hit but shares climb

Carolyn Cummins Diversified real estate heavyweight Stockland has warned of a further earnings downgrade.

Malls

Westfield sales flat amid soft spending

Carolyn Cummins Vacancy rates in “super prime” retail markets in capital cities remain extremely low, Westfield says.

Property

Stockland takes hit to earnings

Carolyn Cummins Stockland will incur another slash to earnings of about 25 per cent due to additional impairments of $49 million.

Property

Stockland boss expected to change tack

Carolyn Cummins Investors in Stockland will hear strategy on Monday to reverse the focus on residential, retirement and retail sectors.

Investment

Mirvac snaps up $584m GE office portfolio

Carolyn Cummins Mirvac kicks off its new strategy of focusing on the core office sector, acquiring GE Capital office assets.

Property

Investors defy online trends

Carolyn Cummins Retail development is defying the underlying trend of the overall sector, with more than $1 billion of sales and new projects completed in recent months.

Strategy with a city heart

Carolyn Cummins Mirvac will focus on developments in the inner city, such as Harold Park in Sydney and Yarra's Edge in Melbourne, as it establishes its new strategic model.

Property

Mirvac nets $584m in office assets

Carolyn Cummins Mirvac has kicked off its new strategy of focussing on the core office sector with the highly-anticipated acquisition of seven GE Capital office assets in Sydney, Melbourne and Perth, valued at $584...

Property

Mirvac assets to lure investment in new club funds

Carolyn Cummins Mirvac focuses on creating club funds with key office assets and higher-density apartments.

Property

Stockland confirms management reshuffle

Carolyn Cummins Stockland has confirmed a management restructure that will see the departure of the chief financial officer Tim Foster and head of residential, Mark Hunter.

Property

Shopping centres cut rents in bid to keep vacancies low

Carolyn Cummins The pressure on specialty retailers from the internet, higher savings by households and a basic loss of interest in what they have for sale, has forced landlords to cut rents in a bid to keep vacancy...

Property

Stockland executives out the door

Carolyn Cummins With only days before Stockland's highly anticipated strategic update next Monday, investors were surprised with the news on Wednesday night that the group had let go its chief financial officer, Tim...

GPT to pay investors up to $75m to settle class action

Investment Carolyn Cummins Thousands of long-suffering GPT investors will share in up to $75 million after a class action was settled on Wednesday that centred on the allegation that GPT engaged in misleading and deceptive...

Building

Stockland sack CFO and head of residential

Carolyn Cummins With only days before Stockland’s highly-anticipated strategic update, the group has let go its chief financial officer Tim Foster and the chief executive of residential development, Mark Hunter.