Engineering and construction company Aveng Group has shown that the best way to make headway in the industry is to diversify geographically.

Redefine Properties seized the opportunity to increase its direct holding in Australian listed Cromwell Property Group this week by taking up Aus$65.6 million of Cromwell’s capital raise, which will partly fund Cromwell’s successful acquisition of a portfolio of government properties

THE southern end of the Sydney central business district is undergoing a renaissance as investors undertake a number of large-scale leasing and sales transactions.

Foreign investors accounted for 67% of all commercial property transactions in Australia in the third quarter of 2012, compared with just 30% in the same quarter the year before.

LOCAL property companies looking to expand into Africa should consider doing so via joint ventures with seasoned developers on the continent, such as Atterbury, Alternative Real Estate fund manager Maurice Shapiro said on Thursday

Growthpoint Properties Australia, a publicly traded ASX listed A-REIT (ASX:GOZ), has agreed to acquire A-Grade Canberra office buildings, 100% leased to the Commonwealth Government. It’s portfolio value has more than doubled over the last three years, from 24 properties valued at AU$662 million in June 2009, to 41 properties worth AU$1,6 billion (approximately ZAR13,5 billion) as a result of these transactions which incude a diversification from both a location and sector perspective

Commercial property in the US, Canada, and Australia outperforms Europe in the first quarter of 2012; this as the UK market adapts with shorter lease terms in order to match business risk and flexibility requirements

Murray & Roberts Holdings says its expected loss for the Gorgon Pioneer Materials Offloading Facility on Barrow Island, Western Australia, has widened by an estimated R520m.

South African retail investment trusts offer better value than their UK and Australian counterparts, according to Angelique de Rauville.

Emira Property Fund has followed its R117m investment in Growthpoint Properties Australia (GOZ) made earlier this year with another R117m investment in the Australian-based real estate investment trust (REIT)