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Property
Augusta agrees conditional $180m takeover by Centuria
Property investor and fund manager Augusta Capital has agreed in principle to sell the business to Sydney-based Centuria Captial Group in a cash-or-scrip deal valuing the firm's equity at $180 million.Centuria has agreed to offer $2 per share, putting an enterprise value on Auckl...
Property
Oceania Healthcare focuses on growth, may buy more sites
Oceania Healthcare has its sights focused on growth, even beyond upgrading and extending its existing aged care and retirement village sites, most of which still have further development potential.Since it listed in May 2017, the company has bought a lone greenfield site - the Wa...
Property
Rents will rise until supply expands - Infometrics
A persistent rental shortage will see landlords keep passing on the cost of mounting regulation to tenants, according to Infometrics economist Brad Olsen.That lack of supply is being compounded by landlords passing on the cost of improving their properties to meet new healthy hom...
Property
Oceania lifts first-half underlying net profit 17.6%
Oceania Healthcare’s first-half bottom line soared on rising property values while the underlying result from continuing operations was up 17.6 percent. The aged care and retirement village operator and developer's net profit for the six months ended November rose to $14.9 mil...
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