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Sunland's half year results
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 Sunland Group Limited has announced a record half year net profit after tax of $59.8 million, together with historically low gearing levels. Sunland’s half year profit was achieved on a group revenue of $313 million.
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Sold before auction
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 A service station in Mornington, Victoria, has sold on a net yield of 6.7% one week before its scheduled auction. The fully leased property is anchored by Safeway Petrol (Woolworths Limited).
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Green light for redevelopment
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 DB RREEF Wholesale Property Fund has received development approval to proceed with the $70 million redevelopment of Willows Shoppingtown in Townsville, Queensland.
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Ray White to expand centre
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 Ray White Invest and private retail developer Blair Group, have made a joint acquisition of the Currambine Marketplace in Perth, Western Australia, with plans for a proposed expansion of the property.
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Sold in Richmond
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 Westpac Funds Management Ltd, on behalf of the Westpac Diversified Property Fund, has purchased a 2755 sqm office building in Richmond, Victoria.
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DB RREEF buys in Melbourne
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 DB RREEF, on behalf of its direct property mandate with AXA Wholesale Australia Property Fund, has acquired an office building at 441 St Kilda Road in Melbourne.
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Charter Hall invests in CBDs
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 Charter Hall Group’s Core Plus Office Fund has acquired 11 Exhibition Street, located in Melbourne's CBD, as well as the Westpac Bank Building at 109 St Georges Terrace in Perth.
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Westpac acquires data centre
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 Westpac Funds Management Limited, responsible entity of the Westpac Office Trust, and Westpac Diversified Property Fund have both acquired a 50% interest each in the Westpac Data Centre at North Ryde.
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And Lido makes three
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 Cromwell Group has acquired the Lido Arcade in Surfers Paradise on behalf of the Cromwell Property Fund, giving the fund control of three contiguous sites located one block from The Esplanade.
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ING invests in industrial
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ING Industrial Fund is planning to develop a serviced industrial estate following the acquisition of a 60 hectare parcel of vacant land in Melbourne. The fund plans to subdivide the land and develop turn-key and pre-lease lots.
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Merrylands building sells
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 An office and retail building at Merrylands in Sydney's inner west, has sold for $150,000 above reserve at auction. The building is fully leased to seven tenants, returning $109,000 pa.
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Centro on hold
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Standard & Poor’s fund services has placed the Centro Direct Property Fund ‘On Hold’ after its market announcement that applications and redemptions for the fund have been suspended.
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Final fund asset sold
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 St Hilliers Funds Management Limited has sold an office building at 119 Wells Street in Southbank, Victoria, which was previously occupied by Channel 7.
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Park Street retail sells
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 A strata retail shop situated on the corner of Park and Elizabeth Streets in Sydney's CBD, has been snapped up prior to auction on a gross yield of 8.57%. The property operates as a Toni and Guy hair salon.
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Auction record for Section 63
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 Canberra’s landmark Section 63 development site has sold under the hammer for a record Australian auction price. The sale smashed the previous Australian record of $69 million which was set in 1988.
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