Primespace

Macquarie Office in $1bn loss

MACQUARIE Office Trust (MOF) reported a $1 billion net loss for the six months to December 31 after slashing $700 million off the value...

Cattle firm charts new course

Asa Wahlquist

IN neatly choreographed moves this week, the nation's biggest cattle producer, AAco, sold three of its seven Queensland Gulf country...

$6bn trust losses hit investors

Anthony Klan

ABOUT $6 billion has been wiped from the value of mum and dad investments after a meltdown in the nation's $30 billion unlisted...

UAE home buyers may default

INVESTORS and home buyers in the United Arab Emirates might default on payments for properties that have yet to be completed, creating...

Dexus Property H1 loss near $1bn

Bill Lindsay

DEXUS Property Group posted a first-half loss of $954.3 million today, due to asset revaluations and impairment charges.

Write-downs pound trusts

Florence Chong

FLAGGING consumer spending and rising unemployment has clouded the outlook for Australia's two most solid trusts -- the Colonial First...

Loss changes game for Mirvac

Turi Condon

ONE of Australia's biggest upmarket apartment developers, Mirvac Group, yesterday posted a $645.7 million half-year loss and signalled...

Mirvac swings to $645.7m loss

Rachel Pannett

MIRVAC posted a first-half net loss of more than half a billion dollars due to property revaluations and write-downs on investments.

• CHART: Plot Mirvac's technicals
• PROFILE: Key company details
• RESULTS: Mirvac's first-half report today

GPT in $1.4bn write-down

Florence Chong

GPT Group has written down the book value of its assets by $1.4billion, including $700 million on its Babcock & Brown joint venture...

Rich Chinese to snap up US houses

CHINA'S economy may be cooling rapidly, but that doesn't mean that Beijing's super-rich are feeling the pinch.