30 june calnedar piggy bank pink and closing red curtains
The financial year closed 725.9 points up from 31 December 2020. Image – Canva.
  • Vitalharvest unitholders voted in favour of MAFM
  • ASX 200 closed 725.9 points up from 31 December 2020
  • Dexus continued its interest in the healthcare market with acquisitions

Welcome to the last day of the financial year, likely a busy day for all.

As the curtain closed on a financial year like no other, so too did it close on major events: Vitalharvest unitholders finally got a say, voting in favour of Macquarie Agricultural Funds Management’s (MAFM) proposal; Primewest had its last day of trading, and Monday was another day of acquisitions for both those living in Brassall and also those living online.

The broader market

The ASX 200 closed at 7,313 points today. For the past five days, there’s been virtually no change, said the ASX, but it is 1.26% below the 52 week high.

As the new year ticked over, the market was 6,587.10 points. The market has seen incredible leaps and bounds, trading above 7,400 in recent weeks.

asx-mid-week-eofy-30-june-2021
Image – Google

 

At close today, the top-performing real estate companies are:

Top-performing ASX listed real estate companies

Company Code Price Change (%)
Proptech Group PTG 0.80 +5.26
HomeCo HMC 5.60 +4.28
Lifestyle Communities LIC 15.62 +3.93
Carindale CDP 4.55 +2.94
Australian Unity Office Fund AOF 2.63 +2.73

Source: ASX

The movement

First cab off the rank was National Storage (ASX: NSR). The company launched a raising round earlier this month, with the retail offer now successfully completed. The round raised gross proceeds of approximately $63 million.

Centuria Office REIT (ASX: COF) released its valuations, with the portfolio recording a $16.3 million increase in value. The company also had $405 million of debt refinanced.

A demountable lifestyle village just outside of Ispwich was acquired by Eureka Group (ASX: EGH). It has development potential, with only 59 homes currently on a site that has a capacity and is approved for 106.

Living online was also an option, the proptech sector saw another acquisition. Proptech Group (ASX: PTG) is set to acquire Eagle Software, PTG will also embark on a $17.5 million equity raise to fund the acquisition.

In a conclusion to the eight-month long bidding battle for berry and citrus farm company Vitalharvest (ASX: VTH), unitholders finally voted on the outcome. The MAFM proposal had the overwhelming majority of 98.42% of votes, the deal struck was for $1.33 per VTH unit.

On Tuesday, Irongate (ASX: IAP) announced the completion of its 38 Sydney Avenue acquisition.

Tuesday was also the day Primewest Group (ASX: PWG) finished trading on the ASX. This follows the Centuria Group takeover of the company.

Today, Dexus (ASX: DXS) healthcare arm acquired two Brisbane properties: a medical centre in Spring Hill, and a car park attached to the Herston Health Precinct, home to the Royal Brisbane and Women’s Hospital.

Finally, the CFO of Vicinity Centres (ASX: VCX), Nicholas Schiffer, resigned from the position and Dexus (ASX: DXS) non-executive board director Peter St George retired from the board.

You May Also Like

Debt battle sends The Agency Group into voluntary administration

ASX listed Perth real estate firm now faces uncertain future following…

RNY Property Trust delists after major vote

Sydney real estate firm voted off the ASX after 2 years suspension from trading…

Ultima United capital raise buoyed by interest

Perth property developer readies for growth, hoping for a $20M+ raise…

The Agency voluntary administration stopped by Federal Court

The Agency battle continues after court puts an injunction on administrators…