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Shopping Centres Still an Inconvenient Truth (Revisited in 2019) Shopping Centres - Still an Inconvenient Truth (Revisited in 2019)
Shopping Centres still an Inconvenient Truth (Revisited In 2019) Shopping Centres - still an Inconvenient Truth (Revisited In 2019) By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis Shopping Centres still an Inconvenient Truth (Revisited In 2019) Shopping Centres sàgll an By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis Inconvenient Truth (Revisited In 2019) By Peter Buckingham CFE CMC Managing Director – Spectrum Analysis 1 Shopping Centres - still an Inconvenient Truth (Revisited In 2019) “How do shopping centre owners press for increases in rents of 4% How do shopping centre owners still press for increases in rents of 4% or or 5% p.a. when the increase in the $ / sq m. sold through the 5% pa. when the increase in the $ / sq m. sold through the Centres has Centres has been increasing in the range of 0.5% – 1.65% p.a. over been increasing in the range of -0.63% to 0.25% for Super, Major and the last few years?” Regional shopping centres over the last 2 years? – Peter Buckingham, Managing Director at Spectrum Analysis We have revisited the Property Council Shopping 2019 shows the state of shopping centres across Australia to be Centre data in 2019 and find things are far worse. deteriorating in $$$ performances against inflation – yet rents are expected to increase at much higher rates. Over the last 2 years, the group of the biggest shopping centres – 14 Super Regional shopping centres have: In 2017 we undertook a study of shopping centres and showed that although rents were increasing at around CPI plus 2 – 3% which equated 2 to around 4 – 5%, shopping centres were not growing at the same pace. -
Subang Jaya Housing 2018
Subang Jaya Housing 2018 1. Menara Rajawali 2. Glitz Hostel 3. SS15 Hostel 4. Olive House 5. Casa-Tiara 6. Unique Hostel Menara Rajawali Menara Rajawali consists of 196 units of apartments which can accommodate to about 700 students, 6 floors of covered parking bay area and retail outlets located on the 1st and 2nd floors. Menara Rajawali is part of a diverse international community. There are Japanese, Korean, Canadian, Australian, and Middle Eastern communities living around the area. Central Location Menara Rajawali is approximately a 5 minutes walk from ELS Subang Jaya. Menara Rajawali is is located directly opposite Starbucks Coffee and McDonalds and next to INTI, Metropolitan and Taylors University Colleges. It is also close to amenities such as Empire Subang Gallery , Subang Courtyard, Subang Parade Shopping Centre, Carrefour Subang Hypermarket, Sime Darby Medical Centre, Sunway Pyramid Mall, Sunway Medical Centre, commuter station (KTM) and other educational institutions such as Sunway University College, Monash University and SEGI University College. Building Facilities 24-hour security Covered parking Access Cards System ( lift and main door ) Water Dispenser at every floors ( hot and cold ) Coin Operated Laundry Services Studio Unit (single occupancy) Rooms attached with bathroom Menara Rajawali Pricing Rental Rental Utilities Unit Type Internet Fridge Microwave Remarks /Month Deposit Deposit Studio Apartment X RM 1,200 RM2,400 RM 600 Single Room X RM 1,200 RM 2,400 RM 600 Minimum 6 months stay (Attached Bathroom) (2nd - 16th Floor) Single Room X RM 1,000 RM 2,000 RM 500 (Non- Attached Bathroom) Single Room Minimum 3 months stay X X RM 1,100 RM 2,000 RM 550 (17th & 18th Floor) (Attached Bathroom) ** Rental is not inclusive of utilities Glitz Hostel Glitz Hostel consists of 33 units of single rooms fully furnished with attached bathroom. -
Property Portfolio 30 June 2020 About Stockland We Have a Long and Proud History of Creating Places That Meet the Needs of Our Customers and Communities
Stockland Stockland PropertyPortfolio PropertyPortfolio Property Portfolio 30 June 2020 30 June 2020 30 June 2020 For personal use only stockland.com.au About Stockland We have a long and proud history of creating places that meet the needs of our customers and communities. OUR STORY When Stockland was founded in 1952, Ervin Graf had a vision “to not merely achieve growth and profits, but to make a worthwhile contribution to the development of our cities and great country”. Pursuing that vision has seen Stockland grow to become one of Australia’s largest diversified property groups. We develop and manage retail town centres, logistics, workplace properties, residential communities and retirement living villages. With the benefit of our diverse property skills, we connect different types of properties in shared locations, to create places that inspire people to gather, to share and to live life. We recognise our responsibilities to the environment and are a leader in sustainable business practices. For over 65 years, we have worked hard to grow our portfolio of assets and projects. We have a long and proud history of creating places that meet the needs of our customers and communities. OUR PROPERTY PORTFOLIO Stockland is one of Australia’s leading diversified property groups. We’re active in retail, logistics, workplace properties, residential communities and retirement living villages. This portfolio identifies all of our properties across Australia. More information on Stockland’s activities For personal use only and an online version of the portfolio data is available at www.stockland.com.au Image: Green Hills, NSW Property Portfolio Commercial Property .................................................................................................................................................................................................................................................................. -
Investor Update 31 December 2014 2014
INVESTOR UPDATE 31 DECEMBER 2014 2014 TH QUARTERLY REPORT From The Desk Of The Chairman Dear Shareholders, We are pleased to announce that PPB Group’s revenue rose by 12% to RM3.7 billion for year 2014 mainly driven by growth in most of the Group’s core segments. PPB Group posted an unaudited proft before tax of RM1.03 billion for year 2014, down 3% from the year before. The lower proft was due to reduced proft contribution from Wilmar International Limited, lower income from investment in equities and losses in the packaging business reported within “Other Operations”. Most of the Group’s core segments achieved better results for year 2014. Proft for the year was RM938.9 million and earnings per share stood at 77.33 sen. The Board of Directors has recommended a fnal single tier dividend of 16 sen per share for the fnancial year ended 31 December 2014 subject to shareholders’ approval at the forthcoming Annual General Meeting. The fnal single tier dividend is payable on 29 May 2015 and together with the interim single tier dividend of 7 sen per share, the total dividend for fnancial year 2014 would be 23 sen per share compared with 25 sen paid in respect of year 2013. 2 From The Desk Of The Chairman (Cont’d) GOING FORWARD CSR ACTIVITIES The performance of the Group’s four, feed and food-related PPB Group through its 80%-subsidiary, FFM Berhad, was prompt businesses should be sustainable, based on their enlarged to reach out to the food victims who were badly hit by the distribution channels and market share. -
Sungei Wang Plaza
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Trip to Australia March 4 to April 3, 2014
TRIP TO AUSTRALIA MARCH 4 TO APRIL 3, 2014 We timed this trip so that we'd be in Australia at the beginning of their fall season, reasoning that had we come two months earlier we would have experienced some of the most brutal summer weather that the continent had ever known. Temperatures over 40°C (104°F) were common in the cities that we planned to visit: Sydney (in New South Wales), Melbourne* (in Victoria), and Adelaide (in South Australia); and _____________________________________________________________ *Melbourne, for example, had a high of 47°C (117°F) on January 21; and several cities in the interior regions of NSW, Vic, and SA had temperatures of about 50°C (122°F) during Decem ber-January. _______________________________________________________________ there were dangerous brush fires not far from populated areas. As it turned out, we were quite fortunate: typical daily highs were around 25°C (although Adelaide soared to 33°C several days after we left it) and there were only a couple of days of rain. In m y earlier travelogs, I paid tribute to m y wife for her brilliant planning of our journey. So it was this time as well. In the months leading up to our departure, we (i.e., Lee) did yeoman (yeowoman? yo, woman?) work in these areas: (1) deciding which regions of Australia to visit; (2) scouring web sites, in consultation with the travel agency Southern Crossings, for suitable lodging; (3) negotiating with Southern Crossings (with the assistance of Stefan Bisciglia of Specialty Cruise and Villas, a fam ily-run travel agency in Gig Harbor) concerning city and country tours, tickets to events, advice on sights, etc.; and (4) reading several web sites and travel books. -
(Westfield Kotara) Application for Individual Exemption
Application for Individual Exemption Westfield Kotara 10 July 2015 File: 2015.07.10 – EN Exemption Kotara – V4CP SCENTRE SHOPPING CENTRE MANAGEMENT PTY LTD ABN 55 000 712 710 Level 30, 85 Castlereagh Street, Sydney NSW 2000 Australia · GPO Box 4004 Sydney NSW 2001 Australia · T +61 (02) 9358 7000 · scentregroup.com Contents General Information Requirements ....................................................................................... 3 Particulars relating to the nature and scope of the proposed operations .............................. 6 Appendix A: Further Information ..........................................................................................10 Page 2 General Information Requirements 1. Legal Name Scentre Custodian Pty Limited ACN 098 698 652 as trustee for the VIC Shopping Centre Trust 2. Trading Name Westfield Kotara 3. Australian Company Number (ACN) 098 698 652 4. Registered Postal Address for Correspondence Scentre Group 85 Castlereagh Street Sydney NSW 2000 Or Scentre Group GPO Box 4004 Sydney NSW 2001 5. Nominated Contact Person Mark Gleeson National Facilities Manager T: 02 9028 8320 M: 0409 362 281 E: [email protected] 6. Why you are seeking an individual exemption, and why you believe that an exemption (rather than a retailer authorisation) is appropriate to your circumstances. Scentre Group is seeking an individual exemption for the retrofit of an existing private network to create an embedded network on a single site. The proposed on-selling activities are incidental to Scentre Group’s core business activity of managing the shopping centre. 7. The address of the site at which you intend to sell energy, including a map of the site and a brief description of this site and its current and future use/s. Westfield Kotara is located at the corner of Northcott Drive & Park Avenue, Kotara NSW 2009. -
DEXUS Property Group 2016 Performance Pack Introduction
DEXUS Property Group 2016 Performance Pack Introduction DEXUS considers corporate responsibility and sustainability an integral part of its daily business operations. Committed to understanding, monitoring and managing social, environmental and economic impact, DEXUS delivers these responsibilities through measurable actions and within corporate policies. DEXUS reports on its material issues in accordance with Global Reporting Initiative (GRI) G4 requirements. DEXUS sets measurable performance targets across its key stakeholder groups in line with its strategy, and drives ethical and responsible performance in all areas of its operations. DEXUS’s FY16 commitments are based on material issues which have the greatest impact on its stakeholders across its CR&S framework. The majority of its FY16 commitments have been achieved and/or progressed. The results relating to each stakeholder group are detailed in the 2016 DEXUS Annual Report supported by non-financial and operational data supplied in this 2016 Performance Pack. DEXUS's materiality assessment DEXUS continuously seeks to improve the information it reports on, including reviewing material issues to ensure relevance. In 2015, and previously in 2011, DEXUS formally developed its material issues through an extensive review process outlined below and DEXUS has conducted subsequent annual management reviews of its commitments in the intervening years of 2012 to 2014 and again in 2016 in line with its reporting disclosure. 2011 2012 2013 2014 2015 2016 Materiality Management Management Management Materiality Management Assessment Review Review Review Assessment Review DEXUS’s periodic materiality assessment encompasses an extensive review of DEXUS's materiality for reporting in 2015 facilitated by an independent specialist. The 2015 materiality assessment comprised a four stage process: 1. -
Property Market 2013
Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) Property Market 2013 www.wtw.com.my C H Williams Talhar and Wong 30.01, 30th Floor, Menara Multi-Purpose@CapSquare, 8 Jalan Munshi Abdullah, 51000 Kuala Lumpur Tel: 03-2616 8888 Fax: 03-2616 8899 KDN No. PP013/07/2012 (030726) CH Williams Talhar & Wong established in 1960, is a leading real estate services company in Malaysia & Brunei (headquartered in Kuala Lumpur) operating with 25 branches and associated offices. HISTORY Colin Harold Williams established C H Williams & Co, Chartered Surveyor, Valuer and Estate Agent in 1960 in Kuala Lumpur. In 1974, the company merged with Talhar & Co, a Johor-base Chartered Surveying and Valuation company under the sole-proprietorship of Mohd Talhar Abdul Rahman. With the inclusion of Wong Choon Kee, in a 3-way equal partnership arrangement, C H Williams Talhar and Wong was founded. PRESENT MANAGEMENT The Group is headed by Chairman, Mohd Talhar Abdul Rahman who guides the group on policy de- velopments and identifies key marketing strategies which have been instrumental in maintaining the strong competitive edge of WTW. The current Managing Directors of the WTW Group operations are: C H Williams Talhar & Wong Sdn Bhd Foo Gee Jen C H Williams Talhar & Wong (Sabah) Sdn Bhd Robin Chung York Bin C H Williams Talhar Wong & Yeo Sdn Bhd (operating in Sarawak) Robert Ting Kang Sung -
Coronavirus Testing Expands at Shopping Centres
Thursday, 30 April 2020 CORONAVIRUS TESTING EXPANDS AT SHOPPING CENTRES Six new mobile coronavirus testing sites across Melbourne will open today, as part of the Victorian Government’s blitz to test up to 100,000 people in two weeks. The new sites located at Bunnings West Footscray, Pacific Werribee, Pacific Epping, Watergardens Town Centre, Westfield Fountain Gate and Bayside Shopping Centre in Frankston are due to begin conducting tests this morning. It comes after four new mobile coronavirus testing sites opened yesterday at Chadstone, Doncaster, Highpoint and Northland shopping centres – bringing the total so far to 10. Minister for Health Jenny Mikakos encouraged Victorians with even the mildest symptoms to go get tested. Symptoms that should prompt people to get tested include fever, chills, shortness of breath, cough, sore throat, loss of sense of smell, or a runny nose. Even the most mild of symptoms could be a sign of coronavirus. The testing sites will be manned by doctors, nurses and pathology collection staff – to provide a one stop shop. The Victorian Government is working closely with conveniently located shopping centres who, as part of a broader industry effort, have offered to host mobile testing sites to ensure all relevant safety protocols are managed. Their support is critical and greatly appreciated. Additional sites in regional and suburban locations will come online in the coming days. People will need to bring their Medicare card, or if they don’t have one, at least one form of identification. This will ensure international students and other visitors can also be tested if required. -
Malaysia Real Estate Highlights
RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET The residential market continues to remain lacklustre with lower volume and value of transactions recorded. ECONOMIC AND MARKET INDICATORS Limited project completions and new Malaysia’s economy expanded at a launches of high end condominiums / slower pace in 2015 with Gross Domestic residences during the review period. Product (GDP) growing at an annual rate of 5.0% (2014: 6.0%). For 2016, the Government has trimmed the country’s Growing pressure on rentals amid GDP growth forecast to 4 - 4.5% due to strong supply pipeline (existing and the volatility in crude oil prices and other new completions) and a challenging economic challenges. GDP continued rental market while prices in to moderate in the first quarter of 2016, the secondary market generally posting 4.2% growth, its slowest since continue to remain resilient. 3Q2009 (4Q2015: 4.5%), driven by domestic demand. Private consumption expanded by 5.3% while private Developers adopt innovative ‘push investment moderated to 2.2%. marketing’ strategies to boost Headline inflation for April 2016 registered at sales of selected projects and 2.1%. It is expected to be lower at 2% to 3% improve revenue. this year, compared to an earlier projection Aria of 2.5% to 3.5% and will continue to remain stable in 2017. (432 units) and The Residences at The Meanwhile, labour market conditions St. Regis Kuala Lumpur (160 units). continued to weaken with more retrenchment of workers, particularly in By the second half of 2016, the scheduled the manufacturing, mining and services completions of another five projects will sectors. -
INDIA ORGANISED RETAIL MARKET BOOKLET 2010 QTR 1.Cdr
Q1 2010 India OrganiSed retail Market RESEARKnightFrank.co.in CH Diagnosis & Outlook Q1 2010 India OrganiSed ReTAILMarket Diagnosis & Outlook Knight Frank HIGHLIGHTS ! During 2010-12, 55 mn.sq.ft. of retail space will be ready in 7 major cities ! Between 2010 and 2012, the organised retail real estate stock will more than double from the existing 41 mn.sq.ft. to 95 mn.sq.ft. ! About 20% or 8 mn.sq.ft. of mall space is vacant ! During 2009-12, the Organised Retail Market will grow at a rate of 31% p.a. ! Between 2010-12, a higher pace of real estate development in comparison to the pace of organised retail market growth, will create an oversupply situation to the magnitude of 21 mn.sq.ft. in 2012 Q1 2010 India OrganiSed retail Market KnightFrank.co.in Diagnosis & Outlook table of contents 1. Editorial..............................1 2. National Capital Region (NCR) . 5 3. Mumbai..............................17 4. Pune.................................27 5. Bengaluru.............................34 6. Hyderabad............................44 7. Chennai..............................53 8. Kolkata...............................62 9. Case Study............................72 Mumbai..............................72 Bengaluru.............................77 Q1 2010 India OrganiSed retail Market KnightFrank.co.in Diagnosis & Outlook table of contents 1. Editorial..............................1 2. National Capital Region (NCR) . 5 3. Mumbai..............................17 4. Pune.................................27 5. Bengaluru.............................34 6. Hyderabad............................44 7. Chennai..............................53 8. Kolkata...............................62 9. Case Study............................72 Mumbai..............................72 Bengaluru.............................77 Q1 2010 India OrganiSed retail Market KnightFrank.co.in Diagnosis & Outlook In line with India's economic growth, the retail sector in this country is As per various literature, the projected annual growth rate of this maintain occupancies.