Frasers Property (formerly: Frasers Cpt (FCL))

(22-11-2015, 01:58 PM)Contrarian Wrote: > In hindsight, FCL bought ALZ well and is systematically developing and extracting value from ALZ's asset heavy and asset light platforms..

Guru GG, the timing of FCL purchase of ALZ is on hindsight perfect.  Not just they the purchase came with a big pipeline of stable yield assets.

In 2015 -

1.  China and Australia economies also slowed down considerably, causing a significant decline in the interest rates.  

2.  Chinese developers also flooded down under to cushion china real estate slowdown.

So... there u have it...  FCL riding high on its decision.  The most generous on hindsight... capitaland, but they also got a good premium price :-)

FCL is majority owned by Towkay and the companies he controls... there is little room for error especially when he first borrowed $ from a consortium led by Dr Wee for a leverage buyout hence if the LBO is not attractive enough for the risks, he would not have gone ahead. 

When ALZ came along after FCL was successfully listed as another entity, his reading couple with that of his team members led to him paying a premium above what Stockland had paid and what Stockland can afford.

Capland on the other hand is run by a team of paid professionals that very likely take instructions from the top. They own v little of Capland and hence their interests is only aligned with that of the pay master of which their views are paramount to the interests of the minorities.

Which one to park yr hard earned $ will be dependent on your own preference and yr own reading.

For me my hard earned $ is really hard earned and I will only allocate to those whose ability and instinct is as close as mine.

Anyway, the mkt place is huge and and there is a place under the sun for everyone...

YMMV

http://www.domain.com.au/project/458/duo...endale-nsw

Dynamic DUO launch


375 words
21 Nov 2015
Daily Telegraph
DAITEL

English

DUO 1 Chippendale Way, Chippendale Chippendale’s DUO is set to make its mark in the next stage of the masterplanned community Central Park.
Launching on November 28, the joint venture by Frasers Property Australia and Sekisui House will be located on the corner of Broadway and Abercrombie Streets, and will complete the $2 billion Central Park plan.
Paul Lowe from Frasers Property Australia said the development will appeal to local and international buyers across the board.
Award-winning London-based architecture firm Foster + Partners, has headed the design work.
DUO will comprise of two connected buildings containing 313 units, most of which will be housed in the eastern tower of DUO. There will be an option to buy dual-key homes in the two and three-bedroom configurations.
DUO will also offer 48 luxury apartments named “DUO Limited Edition”, which will be on levels 13-18 of the western tower.
As well as residential spaces, the western tower will also be home to a hotel, retail and commercial area, a childcare centre and the refurbished Australian Hotel (previously the Abercrombie).
For more details, please call 1300 857 057 or visit centralparksydney.com.
CHIPPENDALE UNITS MEDIAN HOUSE PRICE: $1.309M MEDIAN UNIT PRICE: $675,000 ● Situated on the southern fringe of the Sydney CBD, it goes without saying that the plum location of Chippendale is absolutely brimming with potential.
Although units dominate 77.4 per cent of dwellings in the area, it is the houses that have taken the spotlight with a 34.9 per cent median price growth in the past 12 months. Nevertheless, with six university and TAFE campuses in the area, supply of affordable accommodation for students is always in demand. Professionals wanting to live close to the CBD are also major tenants. As 203 units were exchanged in the past 12 months, savvy investors will continue to tap into this burgeoning demand with the median asking rent sitting at $578.Chippendale is within walking distance of Central train station and light rail, which is connected to Pyrmont, Sydney Fish Markets and the inner-west suburbs including Glebe, Rozelle and Dulwich Hill. It is also serviced by metro and suburban buses going into the city and beyond.

News Ltd.

http://www.couriermail.com.au/news/queen...1448188847

Row over plans for old Royal Children’s Hospital site at Herston

• JANELLE MILES
  
• THE COURIER-MAIL
  
• NOVEMBER 22, 2015 12:00AM
  

[Image: 239837-9ed905de-8e7e-11e5-9723-3086fd960cea.jpg]
The Old Royal Childrens Hospital Pic Jamie Hanson
[b]A ROW is brewing between senior medics and the Palaszczuk Government over the redevelopment of Brisbane’s Herston quarter, site of the old Royal Children’s Hospital.[/b]
Doctors at the adjoining Royal Brisbane and Women’s Hospital have written to Health Minister Cameron Dick pleading with him to retain the five-hectare site for vital public health services, rather than hand it over to commercial interests.
The Government has short-listed two private groups to redevelop the site – Frasers Property with Australian Unity, and Lend Lease with Trinity Health.
But the RBWH’s Medical Staff Association – whose members include internationally recognised leaders in their fields – wants the site retained for public health.
They believe privatising the precinct would be a wasted ­opportunity to use the property for the benefit of Queenslanders.
In a letter to the Minister earlier this month, obtained by The Sunday Mail, the association has called for a publicly owned 132-bed rehabilitation service and elective surgery centre to be developed on the site to help address the state’s growing ageing population.
“It is inconceivable to us to think a public health presence would not be the core focus of this site,” wrote the association’s chair, Dr Liz Kenny, a respected ­radiation oncologist.
“Our clinicians have a duty to our patients and our community to influence and guide any matters relating to redevelopment on our campus.

[Image: 239891-dee30c54-8f11-11e5-977a-bf491e75a6d3.jpg]
Aerial pic of old children's hospital at Bowen Hills


“With the challenges that we face in healthcare it is essential that we embrace care and service models that improve our efficiency whilst at the same time support formal training and research.
“Not only is this the best clinical model, it is exceptionally financially responsible.”
Dr Kenny said the model proposed by RBWH medical specialists would increase Queenslanders’ access to endoscopies – diagnostic procedures of the digestive tract, seen as a priority in healthcare.
“We are mindful that the proposed Herston Quarter Redevelopment is likely to be the only opportunity for expanded public health services on our precinct for the foreseeable future,” she said.
Health workers attended a forum last Wednesday with Treasury officials who cited commercial in-confidence when asked about plans by the two private groups competing to redevelop the site.
The groups are due to submit proposals by March 2106 with an announcement expected by midyear.
RBWH Medical Staff Association has requested a meeting with Mr Dick
A spokesman for Mr Dick said: “It’s always been the Government’s intention that a substantial proportion of the project remain in public hands.”

http://www.frasersproperty.com.au/VIC/Valley-Park

Variety of property attracts buyers to Craigieburn
November 17, 2015 6:08am
Jordan MarshallNews Corp Australia Network
[img=650x0]http://cdn.newsapi.com.au/image/v1/af5c1d5af04179878b59a08fbe36881a?width=650[/img]48 Royal Tce, Craigieburn, sold within a week for $651,000.


THE broad range of property available in Craigieburn is helping propel the market, local agents believe.



Khaled Khaled, of YPA Craigieburn, said the area’s property market was drawing in a significant number of buyers.

“The variation in the types of properties available means there is something for everyone,” Mr Khaled said.

“There are home’s for entry level buyers, family buyers and premium homes.

“The only problem we have now is that we don’t have enough stock to meet the demand.”

While spring is usually a strong buyers’ market, Mr Khaled said this year was bucking the trend.

“Everybody has more buyers than sellers at the moment,” he said.

“There is a strong demand for properties across the board.”

A dated four-bedroom home at 19 Second Ave, Craigieburn, sold under the hammer for $335,000, while a modern five-bedroom home at 48 Royal Tce sold for $651,000 within a week of hitting the market.



“The fact that we have a house at the lower end of the market selling for 10 per cent more than the vendor’s reserve price and a premium home selling in a week shows the market strength,” Mr Khaled said.

“The buyers are out there, so we now just need stock to match that demand.”

[b]Estate notches sales century[/b]

VALLEY Park has reached a significant sales milestone as the latest stage of the development hits the market.

There are now 30 families living in the Frasers Property Australia development in Westmeadows.

“Sales progress has been excellent — we recently recorded our 100th sale and have had more than 30 families move in to their new homes so far,” said Frasers Property Australia development director Alex Newell.

“We’re excited to be showcasing our new community to locals and we’re pleased to continue welcoming new residents into the Valley Park development.”

A new stage of houses was also released last week, which included a range of three- and four-bedroom designs with 35sq m balconies.

[b]jordan.marshall@news.com.au[/b]

(12-11-2015, 11:15 PM)greengiraffe Wrote: http://www.frasersproperty.com.au/NSW/Shell-Cove

Marina land wait over
LISA JOHNSON

382 words
9 Nov 2015
Illawarra Mercury
ILM

English

The wait is almost over for investors hoping to build their dream home near the long awaited Shell Cove marina.
The Waterfront Shell Cove was advertised in the Illawarra Mercury on Saturday with potential buyers invited to register their interest in participating in a ballot, for a chance to secure a slice of the prime coastal land.
Frasers Property Australia development director Glenn Colquhoun said interest was so strong over the weekend that registrations of interest for the first release were now closed.
A joint project between Shellharbour City Council and Fraser's Property Australia, the first land release consists of 21 lots.
The price guide for the land lots, which range in size from 393 metres square to 814 metres square, is between $435,000 to $635,000.
"We will have a number of further releases coming up next year and those interested in these releases can register their interest on the Shell Cove website," Mr Colquhoun said.
Shellharbour City Council Mayor Marianne Saliba said the development of the town centre and the first stage of the housing around the harbour was an exciting time for Shellharbour.
"This is something that has been almost 30 years in the making and I can't wait to see it finished," Cr Saliba said.
"We are very excited about it. We have been waiting a long, long time."
Cr Saliba said the Shell Cove development was progressing well with the harbour now more than 60 per cent dug out and boats expected to be moored in 2018.
"It's tangible now. We can actually see what's going on down there now."
"I have no doubt that there will be a great demand for those properties."
When complete, the Waterfront development will also include a supermarket, shops, cafes, restaurants and speciality shops, along with children's water play areas and parkland.
"When the marina and harbour are built it is going to be an asset for the whole of the city," she said.
"People from Albion Park, Oak Flats, Flinders or wherever they live, will be able to make use of that open space around that waterfront and enjoy watercraft type activities."
For information about the development go to http://www.frasersproperty.com.au/NSW/Sh...ty.com.au/.

Fairfax Media Management Pty Limited

Marina land sells in hours
LISA JOHNSON

437 words
22 Nov 2015
Illawarra Mercury
ILM

English

All blocks in the first land release in the much anticipated The Waterfront estate at Shell Cove were snapped up within a few hours of going on sale on Saturday morning.
More than 140 people pre-registered earlier this month for the first land release of 21 residential blocks at the long awaited Shell Cove marina.
Shell Cove, Frasers Property Australia Development Director Glenn Colquhoun said said he wasn't surprised by the huge demand and quick sales result given the level of interest seen in the development so far.
The land release comprised lots ranging in size from 393 to 814 metres square, with settlement and construction of new homes able to commence in mid 2016. The price guide for the land lots was $435,000 to $635,000.
Located in the Anchorage precinct of The Waterfront, the blocks will be within walking distance to the 300 berth marina currently under construction, and the future town centre which will include a library, community centre, supermarket, cafes and specialty shops.
Shell Cove is the largest coastal residential development ever initiated by a local government authority in Australia. Its man-made harbour will be around 30 per cent larger than Sydney's Darling Harbour upon completion.
"We are very proud to be part of such a significant development located along some of the most beautiful coastline in New South Wales," Mr Colquhoun said.
"The value of the premiere release land lots at The Waterfront, Shell Cove is enhanced not only by the convenience of the local town centre and the regional shopping centre being just a short drive away, but also by the many different lifestyle activities on offer for residents."
The release of the first land lots is a major milestone for the joint project between Frasers Property Australia and Shellharbour City Council.
Shellharbour City Council Mayor Marianne Saliba said she was proud to see the development reaching its milestones.
"We are striving to create a dynamic place that will enhance the coastal setting and optimise the potential for the community and visitors to enjoy," Cr Saliba said.
"This is an ambitious project that is reaching its milestones and creating a really liveable and vibrant space."
Meanwhile the first release of land suitable for duplex development at The Waterfront has just been released.
Only six corner blocks are part of the release, ranging in size from 524 metres square to 593 metres square.
Interested buyers must first pre-qualify though an expression of interest submission before being invited to tender for any of the lots.

Fairfax Media Management Pty Limited

Document ILM0000020151123ebbm00009

http://www.frasersproperty.com.au/QLD/Yungaba/Life-at

OWN A PIECE OF HISTORY
Jane Pinder

372 words
28 Nov 2015
Courier Mail
COUMAI

English

THE handsome brick and decorative cast-iron facade of Yungaba House welcomed immigrants to Brisbane in the late 1880s.
Now, the iconic home is set to welcome an exclusive set of new residents as construction starts on 10 luxury residences within the historic building.
The Residences Yungaba is the final stage of a $150 million urban renewal project at Kangaroo Point by Frasers Property Australia.
The historic home, originally built in 1887 as an immigration reception centre, was designed to reflect the optimism of the time and greeted thousands of new arrivals to Queensland.
Hutchinson Builders and their specialist heritage team have started the detailed work to transform the site into 10 three and four-bedroom apartments, with construction expected to be completed in the final quarter of 2016.
Frasers Property Australia Queensland Residential general manager Cameron Leggatt said preserving the grandeur of The Residences, Yungaba was essential to the project’s success.
“It’s a significant building in the history of Brisbane, it’s a spectacular location adjoining the Brisbane River in a fairly prominent inner-city location, and the heritage-listed building is architecturally significant as well,” he said.
“When you wrap those things together, it’s rare you get that when you are developing, and those things make it a very special building.” Mr Leggatt said Yungaba had “amazing architectural features” inside and out, and it was an intricate process to respect the heritage, from the grandeur of the verandas to the decoration of the high ceilings, and right down to the door-latch mechanisms.
“The refurbishment of the building is centred around the preservation and bringing back to life of those key attributes,” he said.
“There are very few examples of buildings like this being restored and converted to residential use.
“It’s a real privilege from our point of view to be doing it.” The Yungaba $150 million masterplan precinct includes adjacent apartment building Promontory, as well as the Linc and Affinity buildings, with a total of 140 apartments.One and three-bedroom apartments have sold out across the latter buildings, with only 12 two-bedroom configurations remaining at Affinity, and a single two-bedroom apartment left at Linc.

News Ltd.

2 December, 2015 - Broker's Report

Frasers Centrepoint Trust kept at ‘buy’ by OCBC with $2.25 fair value.
http://www.theedgemarkets.com/sg/article...fair-value

http://infopub.sgx.com/Apps?A=COW_CorpAn...2e4c9e58fc

Frasers Property and Sekisui House achieve impressive sales for Central Park’s latest release, DUO
Over A$229 million sold to apartment buyers during the launch Sydney,

2 December 2015 – Buyers have shown a strong appetite for internationallydesigned apartments close to the Sydney CBD, with joint venture partners, Frasers Property Australia and Sekisui House Australia, achieving impressive sales from the launch of their newest residential release, DUO, at the A$2 billion Central Park urban village. Frasers Property Sales and Marketing Director Paul Lowe is delighted with the response from launch of DUO with over A$229 million sold at launch. “Apartments were snapped up across the full spectrum of the residential offering. Onebedroom suites, one-bedroom + study apartments and two-bedroom apartments were purchased by a mix of owner occupiers and investors,” said Mr Lowe. “We also experienced strong sales and interest for the three-bedroom dual-key apartments in DUO which were offered for the first time ever at Central Park. Dual-key apartments are a unique product type in the market and have proven to be ideal for investors wanting to stay in one apartment and lease the other one out, as well as growing families who desire space and flexibility in apartment living. “We’ve now successfully sold over 1,800 apartments across the entire Central Park precinct to-date.

The average apartment sales price at the DUO launch was just over A$1million.” Frasers Property and Sekisui House launch DUO in Sydney Frasers Property and Sekisui House launched DUO to the Australian market last week, providing buyers with the opportunity to purchase one-bedroom suites from A$625,000, one bedroom apartments from A$700,000, two-bedroom apartments from A$1,180,000 and three-bedroom dual-key apartments from A$1,930,000. “The decision to purchase at Central Park encompasses more than just the brand new home that you will live in. Buyers want the opportunity to become part of a well-designed community that offers value-added features such as access to amenity and facilities,” said Mr Lowe. “DUO offers the perfect balance between residential use and recreation. Every resident will have access to DUO Club, resort style facilities as an extension of the home – including an expansive lobby with private areas and booths, cardio and yoga recreation room, indoor swimming pool, gymnasium, jacuzzi, entertainers rooftop terrace complete with BBQ facilities, private lounge, bar, dining room and library and beautifully landscaped spaces for DUO’s residents to enjoy.

Australia’s second Foster + Partners designed residential building Designed by Foster + Partners, one of the world’s most awarded architecture practices, DUO will offer the unrivalled level of quality architecture already witnessed at Central Park to-date, while also setting new benchmarks in high-quality design. The two-tower project will form the northwest corner of Central Park, as well as complete Central Park’s already impressive Broadway frontage with a striking façade that will feature a stunning entrance – a mirrored fin that will protrude from the entrance to the building. The design of DUO sees a fusion of futuristic and heritage detailing – including horizontal bands between each apartment to give the impression that the building is flying, along with art deco architectural features from the 1920/1930 eras.

The appealing nature of DUO will also flow through to the interiors of each apartment in which principles of function and luxury have been incorporated. The refined, sophisticated and pared back premium finishes define each residence with timber or tiled flooring, crisp bathroom detailing, high quality fixtures and understated and modern colour schemes.

The Central Park story
Developed by joint venture partners Frasers Property Australia and Sekisui House Australia, Central Park is one of Australia’s largest urban renewal projects involving the redevelopment of the former Carlton United Brewery site. Occupying 5.8 hectares in Sydney’s downtown, Central Park will comprise 2,200 apartments upon completion. The vibrant village atmosphere of Central Park stems from its plethora of onsite facilities including a major shopping centre, dining districts, open parklands and unique artworks. Also, just a short stroll from the precinct is a number of stylish bars, restaurants, galleries and educational facilities. For further information on DUO, please visit the Central Park Sales Office which is located at Central Park Avenue (corner Carlton Street), open daily from 10am to 6pm. Alternatively please call 1300 857 057 or visit www.centralparksydney.com.

-- End --

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https://sg.finance.yahoo.com/news/fraser...33671.html

Frasers Centrepoint’s Subsidiary To Acquire Golden Tent

Frasers Centrepoint announced that its subsidiary, Malmaison and Hotel du Vin Property Holdings (MHDV), have entered into an agreement to acquire Golden Tent for approximately $76.3 million. Golden Tent is engaged in the business of operating hotels in the United Kingdom, namely The Montpellier Chapter, The Magdalen Chapter, Hotel Seattle and The Avon Gorge Hotel.

The consideration for the acquisition takes into account the valuation of the properties commissioned by MHDV in July 2015 of an aggregate value of GBP36 million as well as the net tangible asset value of Golden Tent estimated to be approximately GBP35.6 million.




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http://www.valuebuddies.com/thread-141-p...#pid123423

FCL sold its 50% stake in 1 @ Changi City Office for S$420m or $210m for its 50% share.

1 @ Changi City was last reported to be carried in FCL AR FY9/14 @ $300m, ie the consortium made $120m from the asset light exercise or 40% on the BV.

FCL's likely share will be $60m gains and $210m in sales proceeds to cover borrowings @ associate levels.

Through the exercise, FCL will be raising $ from matured assets to be recycled into their green field Cecil Street Office and China Square Central redevelopment.

A well oiled multi-asset, multi-country platform that has been running smoothly.

So far FCL-ALZ's residential development sales Down Under has been maintaining healthy momentum notwithstanding the reported cooling of major capital cities outlook largely due to its exposure to the mass housing segment. 

FCL-ALZ's commercial property segment's inhouse development pipeline remain very healthy underpinned by strong tenants demand and continuing compression in property yields as a result of healthy demand of quality assets from domestic and foreign investors in view of lengthy and transparent tenacy structures Down Under. The dependence on proven inhouse capability established under the Capland regime has saved FCL the need to be in the market chasing assets in a healthy demand overall environment and helps pave way for future asset light initiatives that will unlock more values for FCL holders.

Vested
Major Core Holdings