September 3, 2010

MacarthurCook board opts for takeover

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

ING Industrial Trust cuts statutory loss

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

ING Industrial Fund posts another 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 funds exit Canada for $2bn

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 Sells Thomastown Asset

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 trust to default on $123m debt

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 confirms interest in ING trust

GOODMAN Group confirmed today it was interested in becoming the manager of the $1.2 billion listed ING Industrial Fund.

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Goodman confirms interest in ING trust

Australia’s Goodman interested in ING Industrial

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 eyes ING trust

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

Fund’s value down but suitor raises its offer

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