At its peak, Babcock & Brown was a $10.3 billion giant, with operations sprawling across investment banking, property, infrastructure and financial services.
From the category archives:
News
Gold Coast developer Sunland
Gold Coast developer Sunland Group is negotiating to purchase two high rise development sites — one in Abu Dhabi and one in Qatar — as it diversifies outside the overheated Dubai property market.
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Gas-leak estate residents to sue council
Residents sue over estate gas leak - 450 join class action against council - Landfill leak was potentially explosive But the council this afternoon issued a statement vowing to “vigorously defend any claim of fault”.
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Annual meeting of Goodman Group
The company’s chief executive, Greg Goodman, is expected to face intense scrutiny from security-holders over an 80 per cent fall in the security price and a resolution that would grant him 7 million options, even though Goodman had to raise $1.3 billion through a series of placements and asset sales two weeks ago to steady its balance sheet.
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The money pit
Many expatriates pinpoint the Khalidiya, Manasir and Corniche areas as their first choices, but there is “next to nothing available there”, said Rebekah Savage, who works for Foundation Property Management, an Abu Dhabi-based company.
The annual rent for two-bedroom flats on the Corniche and in Khalidiya – highly desirable areas – ranges from Dh235,000 (US$64,000) to Dh250,000, depending on the quality of the unit, according to a study published last month by Asteco, a UAE-based property services company.
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Only way is up for real estate, say big developers
Two of Australia’s biggest residential developers have called the bottom of the housing market, saying some life should return to the troubled sector next year. Billionaire apartment developer Harry Triguboff and the listed Mirvac Group said signs of growth in demand were emerging.
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What next for National Electronic Conveyancing System
The National Office of NECS has signed an agreement with the non-profit organisation, Lending Industry XML Initiative (LIXI), which develops standards for movement of electronic data within the Australian lending industry.
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Google Base Unhides Hidden Aussie Real Estate Prices
In the hunt for property but angry at how Real Estate Agents feel the need to suppress prices on some of their ads? Robert Reith from Home Price History has a nice little hack for finding out hidden prices from properties listed on both RealEstate.com.au and Real Estate View.
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Bet on your mortgage rate
Online bookmaker Centrebet International has begun offering punters the opportunity to wager on the RBA next move if you don’t have enough riding on the gyrating markets already.
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APM predicts house prices to flatten
APM’s September quarter data showed median house prices fell in most capital cities, with Brisbane (5.2 per cent), Hobart (4.3 per cent) and Perth (3.4 per cent) recording the largest drops. Over the past 12 months median prices for houses in Perth, Sydney and Hobart contracted, while there was growth over the year in Brisbane, Canberra, Melbourne, Adelaide and Darwin.
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