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Tuesday, 28 June 2011 03:28

Australia introduced REIT legislation way back in 1971 with the introduction of “Listed Property Trusts” (LPT), though since 2008 they have been renamed Australian Real Estate Investment Trusts or A-REITs, which are allowed to hold property in or outside of Australia. Many carry out the management & marketing other related services (including elements of investment and / or development), directly as “Stapled REITs.”

 

Approx 23% of Australian property has been securitised onto listed markets with a market capitalisation of AU$84bn / $78bn (2014).

 

A-REITs acquired more than $1.2bn worth of Australian office assets in 2012 with the cost of debt continuing to decrease & investors chasing the increasingly high yields. It was the first time since 2007 that they spent more than $1bn, which made them the 3rd largest buyers of commercial property in Australia.

Last Updated on Sunday, 16 November 2014 11:11