AUDIO: Aspen Group (ASX:APZ) Provides Market With Statement On Debt Position
Aspen Group (ASX: APZ) wishes to advise the market of its debt position in light of the events affecting the listed property trust sector in recent days.
Aspen Group (ASX: APZ) wishes to advise the market of its debt position in light of the events affecting the listed property trust sector in recent days.
Pelorus Property Group Limited (ASX: PPI) is to launch a $60 million wholesale opportunistic fund under an offer to be jointly arranged with Grant Samuel. The fund will be open to sophisticated and professional investors. The fund's mandate will be to generate absolute property returns with a focus on development opportunities and difficult or distressed real estate in Australia and New Zealand.
The latest interest rate rise and predictions of further rises this year will hit the property market and leave some developers struggling, says Hall Chadwick insolvency expert, Geoff McDonald.
Two long-term business partners, Max Delmege, a successful property developer, manager and investor, and former rugby league international Ben Elias, an experienced property investor in his own right, are launching a new property fund - BMax Property Trust - to offer retail investors an opportunity to invest, with them, in a portfolio of commercial properties and developments in regional Australia and established cities.
The Monitor contains editorials on key issues relating to both listed and unlisted property funds and markets, together with a vast array of vital information and statistics on the Australian Property Funds sector.
Singapore-based hotel and property conglomerate, City Developments Ltd, is expected to deliver strong performance across its residential development, hotel and leasing operations, said Eng Research.
Malaysia's softer property market may have impacted on the third quarter fiscal 2006 results of infrastructure giant, Gamuda, but there is hope for the company in the coming months, according to analysts.