MacarthurCook Industrial Property Fund has posted a 2009-10 net profit of $A3.162m that is a recovery from a previous loss of $A40m. The gearing level has also been reduced from …
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MacarthurCook board opts for takeover
September 3, 2010
Australian real estate news
MacarthurCook Industrial Property Fund has posted a 2009-10 net profit of $A3.162m that is a recovery from a previous loss of $A40m. The gearing level has also been reduced from …
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MacarthurCook board opts for takeover
The $3 billion ING Industrial Trust cut its statutory loss from $1.17bn to $259.8 million in the year to June 30 as asset values stabilised.

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ING Industrial Trust cuts statutory loss
Property owner ING Industrial Fund has posted a second successive annual loss but forecast improving income and larger distributions for the current year.
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ING Industrial Fund posts another loss
ING Industrial Fund (IIF) and its co-investor ING Groep have agreed to sell their Canadian investment in the Summit Industrial Trust.

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ING funds exit Canada for $2bn
VICROADS has reaped $2.57 million from the sale of a vacant 1.3 hectare property in Melbourne’s outer north. The Industrial 1 zoned property, with an 183 metre frontage to Mahoneys …
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VicRoads Sells Thomastown Asset
MIRVAC Industrial Trust expects to default on a $123.5 million debt facility as it re-starts negotiations to extend the facility.

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Mirvac trust to default on $123m debt
GOODMAN Group confirmed today it was interested in becoming the manager of the $1.2 billion listed ING Industrial Fund.

SYDNEY July 29 (Reuters) – Australian property firm Goodman Group (GMG.AX) said on Thursday it was interested in the management of its rival, ING Industrial Fund (IIF.AX), but said no …
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Australia’s Goodman interested in ING Industrial
GOODMAN Group is believed to have begun talks with ING Real Estate on taking over management of its $1.2bn listed ING Industrial Trust.

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Goodman eyes ING trust
TAKEOVER target MacarthurCook Industrial Property Fund has had the properties in its portfolio valued independently and, as at June 30, there had been a small decrease of 2.5 per cent. …
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Fund’s value down but suitor raises its offer
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