New York-based EPN Investment Management has made a $190 million offer for the remaining 52 per cent stake of EDT Retail Trust.

Australian real estate news
New York-based EPN Investment Management has made a $190 million offer for the remaining 52 per cent stake of EDT Retail Trust.

National Australia Bank’s (NAB’s) direct asset management business, nabInvest, has acquired 35 per cent stake in AREA Property Partners – a real estate fund manager based in New York.
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NAB acquires stake in NY property fund manager
Staff Reporter The number of property transactions fell 20 per cent in 2010, new research has revealed. According to statistics from RP Data, sales volumes fell in every capital city, …
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Property sales drop 20pc
Nearly 90 per cent of Perth real estate is out of reach for police, teachers, nurses and other essential workers, according to a Bankwest study.
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Homes out of key workers’ reach (The West Australian)
Staff Reporter More than 50 per cent of Australians feel the government is not doing enough to solve the nation’s housing affordability issue. According to a new poll by PRDnationwide, …
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Australians call on the govt to fix the houisng supply issue
NabInvest has expanded its REIT footprint, taking a 35 per cent stake in a global real estate fund.
THE number of home loans approved in January fell 4.5 per cent in January, to a seasonally adjusted 48,871, official data shows.

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Home loans fall 4.5%
Two years on from its global crisis nadir the local sharemarket continues to be dangerously narrow, with more than half its value locked up in resources shares and the banks. Just five companies – BHP, CBA, Westpac, NAB and ANZ – account for 37 per cent of the market.
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The big question is whether Australia can withstand challenge of emerging markets
HOME sales fell by an average 20 per cent last year, to the lowest level of any year in the past decade.

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Darwin leads way in housing sales slump
NABINVEST has bought a 35 per cent stake in one of the largest US property fund managers and private equity groups.
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NAB buys 35pc of US fund body
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