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Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments.
Retail landlord Vicinity Centres has stepped up its asset sale program with the divestment of a half share of the just-opened Broadmeadows Central mall in Melbourne to Nikos Property Group for $134.5 million, with the proceeds going to repay debt.
Australia's top three asset consultants dominate the not-for-profit superannuation sector, serving 84% of funds.
The sale of Deepwater Plaza on the Central Coast reflects the strong appetite in the market for sub-regional malls, albeit at higher yields and lower prices.
Morse Micro, a fabless semiconductor company reinventing Wi-Fi for the Internet of Things (IoT), today announced an AU $30 million top-up of its Series B funding. TelstraSuper, HESTA, Hostplus and NGS (managed by Blackbird Ventures) and UniSuper (managed by Uniseed) participated in the round.