Business Services Industry
Distressed sellers attract asset tourists.
Australasian Business Intelligence, May, 2009
Byline: Nick Lenaghan and Ben Wilmot
May 20, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Growthpoint Properties and Sekisui House moved to capitalise on Australia's economic misfortune in May 2009 with the purchase of substantial landholdings. Sekisui's Australian president, Toru Abe, said the local residential market appeared to harbour strong growth potential, with the country's population remaining stable and the residential real estate sector undersupplied.
Publication Date: 21 May 2009
SEKISUI HOUSE LIMITED
GROWTHPOINT PROPERTIES LIMITED
PAYCE CONSOLIDATED LIMITED - ASX PAY
ORCHARD INDUSTRIAL PROPERTY FUND - ASX OIF
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