laptop with stock market on screen
Source: Pixabay
  • URW sells up, five properties total more than $10.5M
  • EGM called for HPI, to be held 14 April 2021
  • CHC and ABP consortium purchase AOF property in Brisbane

It’s the end of the week and the end of a market that saw berries and Brisbane dominate headlines, dominate because little else was happening.

For news earlier in the week, see our mid-week wrap up here.

Vitalharvest (ASX: VTH) was the big story, announcing that Macquarie Agricultural Fund (MAFM) responded to Roc Private Equity Limited’s offer of a takeover at $1.08. Macquarie equalled the Roc offer, Vitalharvest announcing that “engagement of Roc has ceased”.

Australian Unity Office Fund (ASX: AOF), Charter Hall Group (ASX: CHC), and Abacus Group (ASX: ABP) all announced the changing of hands for 241 Adelaide St in Brisbane, the property leaving AOF, and heading to a consortium made up of Charter Hall and Abacus. The property is home to the prestigious Brisbane Club.

An extraordinary meeting was called for 14 April 2021 by Hotel Property Investments (ASX: HPI). The meeting is of shareholders and unitholders, to be held “concurrently” at 10:30 am Melbourne time. The meeting is to ratify the prior issue of stapled securities.

Lendlease (ASX: LLC) released its fund payment notice, stating that the components of the distribution totalled 2.27 cents per unit, the amount subject to withholding tax. The fund payment was stated as 1.389 cents per unit, Australian interest income at 0.882 cents per unit.

US Masters Residential Property Fund (ASX: URF) announced a fund and net asset value update to the market, stating NAV before tax is “estimated to be $0.64” per unit. This figure is noted by URF as “unaudited”. The company also closed on five properties, URF stating the properties fetched a total of $10,555,100.

That’s all for the markets this week.

You May Also Like

Westpac sees rates hitting 4.1 per cent and property prices falling further

Westpac said, “2023 will be another challenging year, particularly as the RBA continues to ratchet interest rates higher.”

Home loan hacks: four way to save money on your mortgage

With interest rates expected to keep rising, Compare Club has tips to ease the mortgage pain.

CoreLogic’s guide to navigating a looming ‘fixed-rate cliff’

Many borrowers will feel mortgage pain when they next refinance

How much does it cost to move house?

From cleaning fees to moving services, the costs of moving houses can add up fast

Experts Corner by The Property Tribune

Ko & NPA partner to launch several co-owned luxury properties at Mermaid Beach, Gold Coast

Ko's partnership with NPA Projects provides more opportunities to co-own off-the-plan holiday residences, including exclusive Gold Coast properties

Continue reading

Top Articles

Expert tips on how to be a successful property investor

Property expert and buyer's agent, Lloyd Edge, shares his insights.

Australian commercial property update: Industrial and tourism assets lead the pack in trying times

Commercial assets have faced volatility recently, driven by financing changes and demand fluctuations from institutions and funds.

WA has emerged as a property investment hub, and why that's a good thing

Eastern investors chase Perth's affordability, doubling the distance between home and investment in 2023, reveals MCG research.