Australand

Australand’s investment property value to drop by A$235m

Mainboard-listed Australand says it expects the value of its investment property portfolio to drop by 235 million Aussie dollars for the six-month period ended June. This is about 10 per cent lower compared to what the portfolio was worth at the end of last year. The company, which is also listed in Australia, says it has also undertaken a review of its residential, commercial and industrial development...

Australand to undertake A$300m redevelopment project in Victoria

Developer CapitaLand's unit Australand said it has teamed up with St Hilliers to undertake a A$300 million public housing redevelopment project in Victoria, Australia. The project spans 7.5 hectares across three sites in Carlton, Victoria. It will involve replacing 192 old, outdated flats with over 240 new public and social housing apartments and 500 new inner city, residential homes. Construction of...

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