This article is from the Australian Property Journal archive
The ASX Property Index was sent soared yesterday ahead of a flat day in the marketplace.
Yesterday, the ASX Property Index closed 1.9% higher at 2570.5 points.
A total of $665.43 million was recorded on the trade 150.31 million shares.
Meanwhile, the All Ordinaries closed flat at 5872.9 points.
The winner was Aspen Group, Babcock & Brown Japan Trust and Pelorus.
Aspen made a $234 million bid for Futuris’ property development division, subsidiary, Caversham Property Developments Pty Ltd and Caversham Properties Pty Ltd.
The acquisition will take Aspen’s assets under management to over $1.1 billion.
Aspen closed 15.54% or 30 cents higher at $2.23.
The losers were Canada Land, Australian Institute of Property Management and LV Living.
Yesterday’s Winners
|
Name
|
Volume
|
Open $
|
High $
|
Low $
|
Last $
|
Change $
|
Change
|
|
ASPEN GROUP
|
1,282,901
|
1.910
|
2.250
|
1.900
|
2.230
|
0.30
|
15.54%
|
|
B&BJAPAN UNIT
|
3,335,502
|
2.080
|
2.190
|
2.050
|
2.170
|
0.12
|
5.85%
|
|
PELORUS FPO
|
2,030,000
|
0.540
|
0.550
|
0.540
|
0.550
|
0.02
|
3.77%
|
|
AXIOM PROPERTIES
|
119,000
|
0.280
|
0.280
|
0.280
|
0.280
|
0.01
|
3.70%
|
|
SERVCORP
|
1,905
|
5.600
|
5.750
|
5.600
|
5.750
|
0.19
|
3.42%
|
|
RUN CORP LIMITED
|
50,000
|
0.165
|
0.165
|
0.165
|
0.165
|
0.005
|
3.13%
|
|
CHALLENGER DIVERSIFIED PROPERTY GROUP
|
1,894,711
|
1.125
|
1.200
|
1.120
|
1.160
|
0.035
|
3.11%
|
|
TISHMAN SPEYER
|
2,166,507
|
2.920
|
3.100
|
2.910
|
2.990
|
0.09
|
3.10%
|
|
CFS RETAIL PROPERTY
|
9,455,842
|
2.410
|
2.450
|
2.380
|
2.450
|
0.07
|
2.94%
|
|
AUSTRALAND PROP
|
1,894,519
|
2.120
|
2.190
|
2.120
|
2.180
|
0.06
|
2.83%
|
Yesterday’s Losers
|
Name
|
Volume
|
Open $
|
High $
|
Low $
|
Last $
|
Change $
|
Change
|
|
CANADA LAND
|
5,000
|
0.080
|
0.080
|
0.080
|
0.080
|
-0.01
|
-11.11%
|
|
AUST INST FPO
|
6,786,293
|
0.038
|
0.039
|
0.035
|
0.035
|
-0.004
|
-10.26%
|
|
LV LIVING LIMITED
|
777,000
|
0.050
|
0.052
|
0.046
|
0.046
|
-0.005
|
-9.80%
|
|
VILLAGE LIFE
|
107,750
|
0.115
|
0.120
|
0.105
|
0.105
|
-0.01
|
-8.70%
|
|
NAMBERRY FPO
|
86,500
|
0.023
|
0.023
|
0.022
|
0.022
|
-0.002
|
-8.33%
|
|
TRINITY GROUP
|
95,152
|
2.070
|
2.070
|
2.020
|
2.030
|
-0.07
|
-3.33%
|
|
VALAD PROPERTY
|
4,886,130
|
1.890
|
1.890
|
1.835
|
1.835
|
-0.055
|
-2.91%
|
|
WESTRALIA PROP T
|
10,296
|
0.440
|
0.440
|
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