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Property Industry and Allco
Highlights this month
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Called in administrators after failing to win another debt extension
Allco calls in voluntary administrators
Former higher-flyer and one-time Qantas suitor Allco has called in administrators after failing to win another debt extension.
Sydney Morning Herald Business - 3 weeks, 6 days ago
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Called time out on its proposed sale of Strategic Finance ...
Allco calls halt on Strategic sale
Australian investment firm Allco has called time out on its proposed sale of Strategic Finance to a management-led consortium and Strategic's management says it is now less sure the transaction ...
New Zealand Herald Business - 1 month, 2 weeks ago
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Continued its restructuring with the appointment of Neil Brown to ...
Allco restructuring continues
Troubled financial services company Allco has continued its restructuring with the appointment of Neil Brown to replace Michael Stefanovski, who announced his resignation last week as executive director.
MoneyManagement.com.au - 3 months, 3 weeks ago
3 weeks, 1 day ago
Allco HIT calls it quits
ALLCO HIT has followed its manager Allco Finance Group into administration, after the listed investment vehicle's plans to sell its New Zealand property finance arm fell over.The Allco satellite ...
Sydney Morning Herald Business - 11:15 p.m. Sunday 9th November 2008
Sydney Morning Herald Business - 11:15 p.m. Sunday 9th November 2008
3 weeks, 4 days ago
Rubicon Trusts review AFG impact
Property trusts associated with Allco Finance Group Limited (AFG) said they were continuing to assess the implications of the fund manager's collapse. Allco Finance announced the appointment of ...
Live News Business - 12:43 p.m. Friday 7th November 2008
Live News Business - 12:43 p.m. Friday 7th November 2008
Allco trusts: We're still going concerns
Two property trusts associated with failed financier Allco Finance Group Ltd say they remain " going concerns " despite the troubles of their parent and manager.But the two trusts, Rubicon ...
ninemsn Business News - 9:36 a.m. Friday 7th November 2008
ninemsn Business News - 9:36 a.m. Friday 7th November 2008
3 weeks, 6 days ago
Allco fallout spells trouble for property trusts
THREE Rubicon property trusts and Record Realty could be dragged into collapse due to the catastrophic demise of one time financial services giant Allco Finance Group.
Propertyreview.com.au - 11:36 p.m. Tuesday 4th November 2008
Propertyreview.com.au - 11:36 p.m. Tuesday 4th November 2008
1 month, 2 weeks ago
Allco HIT pulls sale of Strategic Investment Group stake because of credit turmoil
Allco HIT Ltd ( AHI ) has cancelled the sale of its stake in Strategic Investment Group Ltd, blaming further deterioration of credit markets around the world and a slumping ...
Business Spectator Alan Kohler - 9:57 a.m. Friday 17th October 2008
Business Spectator Alan Kohler - 9:57 a.m. Friday 17th October 2008
Allco HIT pulls sale of Strategic Investment Group stake because of credit turmoil
Allco fund forced to withdraw sale in face of weak NZ property market conditions. 17 Oct 2008 1:07 PM
Business Spectator financial services - 9:46 a.m. Friday 17th October 2008
Business Spectator financial services - 9:46 a.m. Friday 17th October 2008
1 month, 3 weeks ago
Ailing Record Realty rejects $1.9bn takeover bid
THE managers of the failing Record Realty property group have rejected a $1.9 billion takeover bid from Melbourne-based property fund, Government Property Trust. The Allco-controlled Record Realty ...
The Australian : Travel - 12:04 a.m. Friday 10th October 2008
The Australian : Travel - 12:04 a.m. Friday 10th October 2008
2 months ago
NAB to refinance Allco's Rubicon Europe
Europe - focused commercial property vehicle Rubicon Europe Trust Group said it is proceeding with negotiations to extend a ~€ 50 million ( $ A89. 01 million ) debt facility ...
Business Spectator Alan Kohler - 2:11 p.m. Wednesday 1st October 2008
Business Spectator Alan Kohler - 2:11 p.m. Wednesday 1st October 2008
NAB to refinance Allco's Rubicon Europe
Commercial property vehicle Rubicon Europe Trust Group says it is proceeding with negotiations to extend a 50 million euro debt facility with NAB.
The Age - 12:22 p.m. Wednesday 1st October 2008
The Age - 12:22 p.m. Wednesday 1st October 2008
2 months ago
Allco's Rubicon Europe faces rent revolt
Property group says tenant has cut rent payments to 62 per cent. 30 Sep 2008 5:36 PM
Business Spectator property - 1:46 p.m. Tuesday 30th September 2008
Business Spectator property - 1:46 p.m. Tuesday 30th September 2008
2 months, 3 weeks ago
Allco, B&B, Centro and Octaviar out
THE humiliations of failed property investment groups Centro and Octaviar, and financials Allco and Babcock & Brown, were compounded yesterday as all four companies were dumped from key share market ...
The Australian Business News - midnight Saturday 6th September 2008
The Australian Business News - midnight Saturday 6th September 2008
3 months ago
Record Realty loss puts Allco $2.9bn in red
THE Allco group's run of distressing news continued yesterday when property investment company Record Realty announced a loss of $253.5 million, bringing the total losses of the Allco vehicles ...
The Australian | Science - 12:03 a.m. Tuesday 2nd September 2008
The Australian | Science - 12:03 a.m. Tuesday 2nd September 2008
Allco's US trust offshoot in peril as buyer pulls out
THE future of the ASX-listed US offshoot of Allco Finance Group's Rubicon real estate business was looking increasingly shaky last night after a deal to sell a major part of ...
Sydney Morning Herald Business - midnight Tuesday 2nd September 2008
Sydney Morning Herald Business - midnight Tuesday 2nd September 2008
3 months ago
Centro, Allco announce substantial losses
The Centro Properties Group has announced a loss of more than $2-billion in plunging property values and asset write-downs, while the Allco Finance Group has reported a loss of $1.7-billion. ...
ABC - World Today - 12:25 p.m. Friday 29th August 2008
ABC - World Today - 12:25 p.m. Friday 29th August 2008
3 months ago
Allco plan hits another snag
THE tortured process of unwinding Allco Finance's various property interests has ensnared different parts of its debt-laden empire as the group attempts to sell two principal assets to relieve the ...
Sydney Morning Herald Business - midnight Thursday 28th August 2008
Sydney Morning Herald Business - midnight Thursday 28th August 2008
