Chinese tourists drive up Mantra profits
A record number of overseas visitors, led by the Chinese, helped Mantra Group boost full-year net profits by 21 per cent.
A record number of overseas visitors, led by the Chinese, helped Mantra Group boost full-year net profits by 21 per cent.
The major residential developers, Mirvac, Stockland and Lendlease, have defied concerns about housing to deliver record profits from the sector in 2016.
Global property giant Lendlease has delivered a 13 per cent rise in net profit for 2016.
The $2.7 billion Investa Office Fund shows both the scars of the recent battle for control and the benefits of the rapidly improving market for landlords in the Sydney CBD.
The Aventus Retail Property Fund has been a stellar performer for its co-founder and biggest shareholder, Brett Blundy.
Mark Steinert, CEO of property giant Stockland, expects house prices to keep rising, at least in Sydney, Melbourne and Brisbane.
Gold Coast developer family sells Reedy Creek Village Shopping Centre for $20.5 million.
Stockland's residential business was the most significant contributor to the group's good results.
The Tony Pitt-managed 360 Industrial Fund (TIX) is well positioned following its acquisition of the Australian Industrial REIT.
Shopping centres will help Stockland commercial property portfolio deliver 2-3 per cent growth in Funds From Operations.
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