Powered by MOMENTUM MEDIA
subscribe to our newsletter

Commercial property ‘fully priced’, says 360

Listed real estate investment fund manager 360 Capital Group believes the Australian commercial property market has reached its peak.

In a trading update announcing the group’s full-year results this week, the company gave an overview of the commercial property outlook.

“The group considers that the commercial real estate markets are fully priced and is prepared to stand still and/or opportunistically sell assets where mispricing occurs in the market,” the company said.

“The group maintains its active approach to transactions ensuring that it continues to get an opportunity to participate in the majority of transactions in the Australian commercial real estate marketplace.”

360 Capital Group delivered a statutory net profit of $24.1 million for the year, representing a 4.8 per cent increase compared to the prior year of $23.0 million.

Advertisement
Advertisement

PROMOTED CONTENT


Group operating earnings (excluding active earnings) were $14.6 million for the year, an increase of 19.7 per cent on the previous financial year.

In line with its stated intentions, the 360 Capital management team continued its strategy of recycling capital from direct assets into higher earnings-multiple co-investments in 360 Capital-managed funds and other opportunities that arose over the period.

Commercial property ‘fully priced’, says 360
mortgagebusiness

Latest News

ASIC has slapped the big four bank with a lawsuit claiming it breached the Credit Act, over referrals through its home loan “introducer pr...

Overdue mortgage debt has travelled downwards for the fourth month in a row, according to a new report by the credit ratings agency. ...

The property market boom has boosted the home loan businesses of Australian mutual banks, according to a new analysis. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think APRA's bank buffer changes will see more borrowers use non-banks?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.