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Australia
M&A
ComfortDelGro expands Australia operations with $136.2 mil worth of acquisitions
SINGAPORE (Aug 8): Land transport operator ComfortDelGro (CDG) is acquiring privately-run family bus and coach operator FCL Holdings, two freehold depot sites and a coastal operator for a total of A$134.45 million ($136.2 million) as part of its expansion
August 08, 2018
Results
Singtel reports 6.6% lower 1Q earnings of $832 mil
SINGAPORE (Aug 8): Singtel posted 1Q19 earnings of $831.5 million, down 6.6% y-o-y compared to $889.8 million in restated 1Q18 earnings due to weaker results from Airtel and Telkomsel, reduced stake in NetLink NBN Trust, higher withholding taxes and adver
August 08, 2018
Keppel DC REIT to build Sydney data centre in Macquarie Business Park
SINGAPORE (Aug 7): The manager of Keppel DC REIT (KDC REIT) intends to build a new shell and core data centre on vacant land within the Macquarie Business Park precinct in Sydney, Australia, as an expansion of the Macquarie Telecom data centre campus.
August 07, 2018
Broker's Calls
Starhill Global REIT's near-term DPU likely to remain muted: OCBC
SINGAPORE (June 19): OCBC Investment Research is reiterating its “hold” call on Starhill Global REIT (SG REIT) while cutting its lower fair value estimate to 65 cents from 77 cents previously.
June 19, 2018
Raffles Education cancels plans for $84 mil sale of unit's Australia property
SINGAPORE (June 6): Raffles Education Corporation (REC) will no longer be disposing of its unit’s property located at 1-3 Fitzwilliam Street, Parramatta, New South Wales, Australia, to Propertylink (Holdings) Limited (PHL).
June 06, 2018
Property
Roxy-Pacific to sell Sydney CBD office building for $153.4 mil
SINGAPORE (May 4): Roxy-Pacific Holdings says its 50%-owned subsidiary, Feature-Roxy, has entered into a non-binding agreement sell its freehold property at 117 Clarence Street, Sydney, Australia, for A$153 million ($153.4 million).
May 04, 2018
M&A
MindChamps acquires 4 preschool centres in Sydney for $13.1 mil
SINGAPORE (Apr 26): MindChamps PreSchool has inked agreements to acquire four more early learning centres in Sydney, Australia, for a total of A$13 million ($13.1 million).
April 26, 2018
Dine in
Ode to Wilyabrup Valley
SINGAPORE (Apr 18): Nearly five decades have passed since Margaret River first gained a foothold on the global winemaking map. Despite it being accountable for no more than 4% of Australia’s total wine output, the region is known for producing some of t
April 18, 2018
M&A
Wing Tai jointly acquires Melbourne office building for $97.2 mil
SINGAPORE (Apr 17): Wing Tai Holdings and Australia-listed Abacus Property Group are jointly acquiring an office building at 464 St Kilda Road in Melbourne, Australia, for A$95.38 million ($97.18 million).
April 17, 2018
United Global forms Australia JV; welcomes new institutional investor
SINGAPORE (Mar 29): United Global says its wholly-owned subsidiary, United Oil, has agreed to incorporate a joint venture (JV) company in Australia with PFR Management and DP United to import and distribute lubricant products manufactured by United Oil in
March 29, 2018