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The average Australian home buyer will spend endless hours inspecting properties, attending multiple auctions, missing out on many before they seal the deal and the details become public on settlement.
But Rich Listers operate in a different stratosphere that comes with having access to money and resources. They can often escape the public eye, allowing them to stay above the fray of the much-loved but sometimes brutal Australian public sport of home buying.
Rich Listers ink deals that often make it hard for the public to know what they own.
Jim Rice
They become part of an almost secret club, where they trade the same homes, almost exclusively, among themselves.
Singapore s GIC Joins With ESR To Buy Blackstone s Logistics Assets In Australia For $2 9 Billion forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
ABP had been effectively blocking the demerger which had sparked Jupiter Mines’s ire.
Business paper
Australian Financial Review reported on Thursday that one specific investor had sold a 13.8% stake in Jupiter for AUD84m (€54m). The paper concluded this investor was ABP as there was no other shareholder with such a large stake in the firm. ABP and APG – the fund’s asset manager – declined to comment on the matter.
Jupiter Mines’ newly established iron ore division, called Juno Minerals, also published an item concerning the transaction on its Linkedin page. “The departure of Stichting Pensioenfonds ABP from the Jupiter Mines register has positive implications for the Juno Minerals IPO, which is open now,” Juno Minerals said.
By Justin Hendry on Apr 16, 2021 7:00AM
Front of mind for ANAO.
Australia’s national auditor is considering an audit into the development of the federal government’s GovPass digital identity system as the now $450 million-plus project enters its sixth year.
The Australian National Audit Office has also singled out the government’s COVIDSafe contact tracing app for review, including whether its design and use is both economical and effective.
In its draft annual work program for 2021-22, released on Thursday, the auditor proposed 16 reviews aimed at government IT, cyber security, privacy and data over the next 12 months.
One of the potential areas for review is the GovPass digital identify system, which the ANAO has hand-picked following the government’s $256.6 million investment in last year’s budget.
Chinese owners of scandal-ridden dairy scramble to sell the farm
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April 17, 2021 5.00am
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The Chinese owners of Australia’s biggest and oldest dairy farming business are scrambling to hive off parts of the business as the scandal-ridden company faces fresh investigations.
The Sydney Morning Herald and
The Age can reveal that the Van Dairy Group, which owns 23 farms in Tasmania, has been negotiating the sale of up to 10 of its 23 farms to a Melbourne-based investment manager.
The mastheads can also reveal that the Fair Work Ombudsman has launched inquiries following claims of worker underpayment and work compliance breaches.