Tag: investment
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QIC lodges plan for $560m next phase of Castle Towers
Queensland Investment Corporation (QIC), has lodged a development application for a $560 million project, the next phase of its Castle Towers Shopping Centre precinct, in Castle Hill, Sydney. QIC is the Queensland government’s investment company. In 1982 Castle Towers first opened, and a further $180 million expansion opened in December of 2019, with further redevelopment…
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Premier Investments confirms stake in Myer
Premier Investments has been announced as the largest stakeholder for the retail giant Myer. In a statement to the ASX, Premier Investments confirmed that it has bought a 10% stake in the retailer, after much speculation over who had bought the shares. “Premier Investments Limited has made a strategic investment of 10.77% in Myer Holdings…
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Is rent control a solution to the housing crisis?
In the ongoing housing affordability crisis, government and non-government parties alike are searching for ways to ease the pressure on tenants. One of the potential solutions is rent control, which would allow for capped rental prices dependent on income. Rent control dictates that a tenant pay 30% of your income on your housing. City West Housing are…
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WATCH: “Becoming Warren Buffett” trailer
Warren Buffett is a household name as one of the world’s most successful and respected billionaires, yet he has got another achievement to add to his already very lengthy list. ON 30 January, HBO will air a documentary on the legendary investor. The documentary, “Becoming Warren Buffett”, will tell the story of Buffett’s life mostly…
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Google’s investment branch adds Snapchat and Airbnb to investment portfolio
A sub-brand division of Google’s parent company Alphabet, called Capital G (previous known as Google Capital) has made two new investments both of which are going to shake up the tech market. The firm has backed both parent company of Snapchat, Snap Inc and home-sharing app, Airbnb. Capital G has a focus to add value to start up…
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Seven West Media invests $22M in Airtasker
Sydney-based company, Airtasker, just secured a $22 million Series B investment led by Seven West Media and now wants to become an Australian household name. The 4-year-old startup provides an online and mobile marketplace enabling users to outsource everyday tasks. It allows you to access thousands of skilled people from furniture assembly to data entry tasks. Chief Executive,…
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The Renewed Pacific Fair: Shopping Redesigned
Queensland’s Pacific fair is undergoing a $670 million renewal, which aims to be completed in mid-2016. When this shopping centre is complete it aims to be the best Australia has to offer and a world class shopping experience. The centre will come slightly short of Melbourne’s Chadstone in size but offer a selection of specialty…