News Articles for John McBain

From multinational private equity firms to sovereign wealth fund-backed groups and a pioneering First Nations venture, the race to build the next generation of digital infrastructure in WA is under way.

The real estate fund attributes the uptick in operating profit to valuation increases and growth in its alternative funding streams.

The property fund giant has grown its assets under management back to $21.1 billion and reported a 3.5 per cent drop in net profit after tax.

The ASX-listed property fund has retained a $21.1 billion asset base, but reported a 15.5 per cent operating profit loss.

The real estate fund manager says its absorption of Primewest has helped buoy its funds under management to a record $21.1 billion in its recent half-year results.

The Primewest brand may be gone but its three founders are still doing deals.

Real estate fund manager Centuria Capital Group has posted a $292.6 per cent rise in revenue and 63 per cent profit uplift on the back of strong acquisition activity during the 2021-22 financial year.

Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.