Australand Property Group
Australand is one of Australia’s major diversified property groups, with activities across Australia covering development of residential land, housing and apartments, development of and investment in income producing commercial and industrial properties, and property management.
Australand was listed on the Australian and Singapore Securities Exchanges in June 1997 and was formed into a stapled group in November 2003 with the stapling of units in Australand Property Trust to the ordinary shares in Australand Holdings Limited. In October 2005, Australand Property Trust No.4 and Australand Property Trust No.5 were merged with Australand. As a result of this merger, Australand is now a stapled group that comprises Australand Holdings Limited, Australand Property Trust, Australand Property Trust No.4 and Australand Property Trust No.5.
Australand trades on the Australian Securities Exchange and Singapore Securities Exchange as the one stapled security.
Australand has been involved in property development for more than 80 years and Australand has progressively widened the scope of its activities to satisfy the needs of an ever changing and more sophisticated client base.
Australand has three operating divisions being Commercial & Industrial, Residential and Investment Property. It employed 540 people as at 30 June 2010. Its operations are located in Sydney, Melbourne, South East Queensland, Adelaide and Perth and a sales office in Hong Kong servicing the Asian market. As at 30 June 2010, the Investment Property division had a total portfolio value of $2 billion with 69 properties, including 2 properties under development and 1 property held for sale. The portfolio had a total lettable area of 1.1 million sqm and included a total of 168 tenancies.
As at 30 June 2010, Australand had a market capitalisation of approximately $1.4 billion. Its major securityholder is the Singapore based property group, CapitaLand Limited, which owns approximately 59% of the issued capital.
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20 Aug 2014 - Pengana Absolute Return Asia Pacific Fund Portfolio Manager, Vikas Kumra discusses how the fund ranks risks and opportunities across Asia.
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08 Aug 2014 - Australand Property Group (ASX:ALZ) will be acquired by Singaporean based Frasers Centrepoint.
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28 Jul 2014 - ASX lower as earning season begins. Frasers Centrepoint $4.48 per share offer for Australand Property Group (ASX:ALZ) declared best and final.
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22 Jul 2014 - A series of reports on property performance across Australia reveal where to find growth.
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21 Jul 2014 - ASX closes at highest since 2008. Zicom Group Limited (ASX:ZGL) issues a profit warning.
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21 Jul 2014 - Australand Property Group (ASX:ALZ) reports a jump in first half net profit on the back of strength in the residential property sector.
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15 Jul 2014 - Investor appetite for property remains strong despite mounting evidence showing the real estate sector is coming off its highs.
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10 Jul 2014 - ASX looks up before ABS jobs data. Australand Property Group (ASX:ALZ) edges closer to being taken over by Singapore-listed Frasers Centrepoint Limited (SGX:TQ5).
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02 Jul 2014 - The biggest property gains look to be in the past with the Reserve Bank noting prices have come off their highs.
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02 Jul 2014 - Australand Property Group’s (ASX:ALZ) directors have unanimously backed a $2.6 billion offer from Singapore-listed Frasers Centrepoint Limited (SGX:TQ5).
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11 Jun 2014 - ASX in red despite gains in confidence. Chairman of Leighton Holdings Limited (ASX:LEI), Bob Humphris, has announced his retirement.
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04 Jun 2014 - Australia’s hot property market looks to be cooling down as home prices post the biggest fall in more than five years.
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04 Jun 2014 - Australand Property Group (ASX:ALZ) receives a $2.6 billion takeover bid from Singapore-listed Frasers Centrepoint to trump a bid from Stockland (ASX:SGP).
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30 May 2014 - Australand Property Group (ASX:ALZ) provides Stockland with access to due diligence material to inform their takeover bid.
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28 May 2014 - Stockland (ASX:SGP) sweetens its bid for industrial property investor Australand Property Group (ASX:ALZ) to $2.5 billion.
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21 Mar 2014 - A look at how the housing sector will fare following the Federal Budget as evidence mounts of cooling property market.
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21 May 2014 - Antares Listed Property Fund Portfolio Manager, Richard Colquhoun outlines how the fund achieves capital growth from listed property stocks.
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20 May 2014 - ASX looks up before RBA minutes. Eyes will again be on Fortescue Metals Group Limited (ASX:FMG) with the price of iron ore dipping under $US100 a tonne for the first …
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13 May 2014 - ASX spikes higher on metals prices. PanAust Limited (ASX:PNA) confirms highly anticipated takeover offer.
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30 Apr 2014 - A new report shows Australians are still upbeat about housing market conditions as CommSec predicts a home construction boom.
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23 Apr 2014 - ASX trading up after CPI. Shares in QRxPharma Limited (ASX:QRX) plummet more than 75 per cent.
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01 Apr 2014 - Latest figures show home owners are holding on to their homes longer as house prices continue to rise and affordability is falling.
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25 Mar 2014 - The Australian share market closed 0.2 per cent down after a sell off in gold miners and continuing concerns of a China slowdown caused general caution.