Mirvac Group
Mirvac stops redemptions on three mortgage funds
Mirvac Group, an Australian real estate investment trust, stopped redemptions for three mortgage funds holding more than $243 million, as investors seek to pull out of property assets amid the global credit crisis.
Mirvac takes its medicine
MIRVAC Group yesterday forecast profits would fall by 24 per cent in the current financial year as it charted a new conservative course within the badly burned listed property trust sector.
Mirvac hammered as chief steps down
Mirvac Group fell by the most in three weeks in Sydney trading after the company said managing director Greg Paramor will step down next month.
07/28/08
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Mirvac's Paramor to step down as MD
Mirvac Group has appointed its executive director of funds management Nick Collishaw as its new managing director.
07/28/08
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Mirvac predicts operating earnings fall
Mirvac Group sees its operating earnings falling in 2008/09 and has changed its distribution policy to maintain a strong balance sheet.
07/22/08
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Mirvac downgrades FY08 earnings guidance
Mirvac Group has downgraded its fiscal 2008 earnings guidance and cut the carrying value of its assets.
06/20/08
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Mirvac downgrades FY08 guidance
Mirvac Group has downgraded its fiscal 2008 earnings guidance and cut the carrying value of its assets amid a slowing global economy.
06/20/08
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Mirvac tips earnings fall
Mirvac says its operating earnings could fall as much as 24% in fiscal 2009 as it grapples with higher funding costs.
07/22/08
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Mirvac shares plunge 8% on forecast
Shares in Mirvac Group fell as much as 14 per cent in early trading after the property developer forecast its operating earnings will fall in fiscal 2009.
Lend Lease revises expectations
LEND LEASE has joined the growing list of property groups to issue a 10 to 15 per cent profit downgrade for 2008-09 and to flag asset sales - this time due to the collapsing British housing market.
Centro shares slashed on $1.11b loss
Centro Properties Group has reported a net loss of more than $1 billion for the first half of 2007/08.
Centro books H1 net loss of $1.1b
Investors took a knife to shares in Australia's troubled Centro Properties Group on Friday, paring more than $100 million off its market value.
At least four mull bids for Centro...
At least four companies, including U.S. private equity firm Blackstone Group and a unit of General Electric Co are considering bids for Australia's Centro Properties Group, the...
Centro wins reprieve from lenders ...
FT.com - Shares in Centro Properties Group, a victim of the subprime mortgage crisis, jumped as much as 14 percent on Monday after the company said it had won a two-month...
Write-off, but Leighton on track
LEIGHTON HOLDINGS has reaffirmed its full-year profit forecasts remain intact, despite the contractor writing off the remainder of its $117.5 million direct and indirect investments in Sydney's Lane Cove Tunnel.