The offer of a stake by the National Pension Service of Korea in 20 properties controlled by Dexus could set a fresh benchmark in the hot sector. Industrial portfolios have been among the signature trades over recent years and a transaction would show the strength of values in the area where demand for space is … [Read more…]
A powerful consortium of billionaire hotel heavyweights is set to buy the iconic Gold Coast hotel, developed by Christopher Skase, for over $190m. The two families — long time co-investors in other hotel properties such as the Sofitel Noosa — are expected to pursue plans to revamp the entire property, which could include introducing luxury … [Read more…]
The move likely puts Tabcorp in the box seat to keep the licence, potentially at a company-friendly amount. It also looms as a blow to the financially-challenged Victorian racing industry. CBA’s Head of Australian Economics Gareth Aird is forecasting five cuts in interest rates, bringing the cash rate down 125 basis points, by the end … [Read more…]
The Roosters are officially the NRL’s worst attacking team, but the real reason their premiership hopes have imploded is the club’s stunning lack of leadership, writes PHIL ROTHFIELD. The Roosters are now officially the worst attacking side in the competition and their premiership odds have blown out to $20. This is the reason why … … [Read more…]