Equity Real Estate Investment Trusts (REITs)
Company Overview of 151 Property
Valad Property Group engages in the ownership of property, as well as in the investment and management of property funds in Australia. It invests, leases, or sells property and development assets. The company also manages a range of funds, such as stable passive income property funds and high-yield specialized development funds. Valad Property Group, through Valad Property Trust, invests in premium office properties and bulky goods retail properties, as well as holds portfolio of self-storage assets. As of June 30, 2005, it owned 58 properties. The company was co-founded by Stephen Day and Barry Wynne in 1995. Valad Property Group is based in Sydney, Australia. As of August 26, 2011, Valad P...
1 Chifley Square
Sydney, NSW 2000
Founded in 1995
Key Executives for 151 Property
Chief Executive Officer of Europe Operations
Group Head of Real Estate Investment Management
Head of Asia Pacific Property Operations
Compensation as of Fiscal Year 2016.
151 Property Key Developments
Blackstone Looking To Sell Homemaker Assets
Mar 30 16
The Blackstone Group L.P. (NYSE:BX) is preparing to offload a $220 million portfolio of homemaker centres along the eastern seaboard, including assets that were developed by Valad Property Group, as yields in the fast growing sector compress. Blackstone has quietly tapped Colliers International Group Inc. and McVay Real Estate Pty Ltd. to market the portfolio, which includes the Logan MegaCentre near Brisbane and several bulky goods centres, including the Shepparton Homemaker Centre in Victoria, that was developed by 151 Property. The homemaker assets, in a sector that is undergoing rapid growth, are understood to be the next targets for disposal.
Pearson Australia Group Leases Office Suite at 10.02, 151 Castlereagh
Nov 4 14
Pearson Australia Group has leased an office suite at 10.02, 151 Castlereagh from Valad Property Group, paying an annual gross rent of $750 a square metre for five years. CBRE's Tim Molchanoff and Tim Courtnall brokered the deal.
Blackstone Plans To Exit European Operations Of Valad Property Group
Oct 7 14
The Blackstone Group L.P. (NYSE:BX) is looking to exit the European operations of the Australian-founded Valad Property Group. Blackstone Group has now appointed UBS to advise on the sale of its holding in the European arm, which it owns through the Blackstone Real Estate Partners VI, L.P. The buyer of Blackstone's-majority stake-Valad's management is also thought to have an interest - would gain control over the expansive European business. The European sale process is not expected to be completed until later in 2014 or early 2015.
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