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Solomon Lew demands three Myer non-executive directors resign afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Melbourne's Myer building acquired - Lawyers Weekly lawyersweekly.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawyersweekly.com.au Daily Mail and Mail on Sunday newspapers.
Charter Hall and Abacus Property Group each acquire a third interest in Myer Melbourne property By Imogen Bailey | 2 July 2021 Abacus Property Group is set to acquire one third interest in the Myer Melbourne property on Bourke St. Simultaneously, Charter Hall will acquire a third interest (as tenants-in-common) with the remaining third share held by the property manager, Vicinity. Total consideration for the acquisition is $135.2 million (excluding transaction costs) and reflects approximately $10,157 per square metre of gross lettable area (GLA) and a 6% passing yield. It is pleasing to be able to take advantage of this intergenerational opportunity with longer term repositioning potential, Abacus MD Steven Sewell said of the deal. ....
By Charlotte Grieve Westpac has today announced the sale of its insurance business to Allianz has been finalised, as the big four banks continue to simplify operations and return to traditional banking. Westpac announced its intention to sell its general insurance business in December last year and has now completed the sale to Allianz for $725 million, which involves a 20-year agreement for the distribution of general insurance products to Westpac’s customers. Westpac chief executive Peter King. Credit:Jessica Hromas A further $25 million is expected to be received by Westpac this calendar, the bank said, subject to a number of integration milestones. ....
Charter Hall, Abacus start FY22 with $666 million in deals afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.