Lendlease, Google part ways on $23b Silicon Valley plan
The break-up is one of the biggest concessions to the post-pandemic environment for planned office developments. It also reflects changing capital demands.
Source: afr.com
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Centuria: Values of sheds on long leases down 15-20pc
The logistics landlord has written down the value of industrial facilities on long leases that cannot capture the strong uplift in rents by 15-20 per cent.
Source: afr.com
Mirvac cuts earnings guidance as weather delays hit settlements
In his first market update, newly appointed CEO Campbell Hanan argued that earnings were not lost, but only delayed. Investors appeared to agree.
Source: afr.com
Lendlease loss narrows to $141 million
The ASX-listed developer said earnings were likely to improve in the current six-month, but inflation and interest rates would influence the pace of recovery.
Source: afr.com
BWP Trust: Bunnings warehouse values holding firm
While other real estate investment trusts have reported asset writedowns, Bunnings landlord BWP Trust reported a $54m valuation gain over the half year.
Source: afr.com