FINWIRES · TerminalLIVE
FINWIRES

Cedar Woods Properties Acquires Development Sites Across Victoria, Queensland

By

Cedar Woods Properties (ASX:CWP) acquired a number of development sites as it seeks to strengthen its medium-term development pipeline across Queensland and Victoria, according to a Friday Australian bourse filing.

This includes a townhouse development site in Kealba, Victoria, which the firm acquired for AU$30.9 million on deferred terms to deliver around 200 townhouse lots. Settlement is expected in mid-fiscal 2028.

The company also acquired an apartment development site in Fairfield, Queensland for AU$27.3 million on deferred terms to deliver over 500 apartments across multiple stages. Settlement is expected mid-fiscal 2027, subject to planning-related approvals. It acquired land adjoining the existing Flourish community in South Maclean, Queensland for AU$5.3 million, adding around 47 lots to the project pipeline.

Cedar Woods Properties is also progressing two land acquisition opportunities in Western Australia, subject to ongoing negotiations and due diligence.

The company added that it was on track to deliver the top end of fiscal 2026 earnings guidance, with net profit after tax growth of 30% to 35%.

Cedar Woods Properties' shares rose past 2% in recent trading on Friday.

Related Articles

Asia

Yest Wins KRW22.8 Billion Semiconductor Manufacturing Equipment Order from Samsung Electronics; Shares Rise 6%

Yest (KOSDAQ:122640) secured an order for optical communication network equipment from Samsung Electronics (KRX:005930), according to a Thursday filing with the Korea Exchange.The contract, valued at 22.82 billion won, is valid till Dec. 30, 2027.Shares of Yest rose nearly 6% in recent trade.

KOSDAQ:122640KRX:005930
Asia

LiComm Wins Optical Communication Network Equipment Order from 1Finity; LiComm Shares Jump 30%

Electronics manufacturer LiComm (KOSDAQ:388790) secured an order for optical communication network equipment from Fujitsu (TYO:6702) subsidiary and telecommunications and network solutions firm 1Finity, according to a Thursday filing with the Korea Exchange.The contract, valued at 3.87 billion won, is valid till Dec. 6, 2027.Shares of LiComm jumped nearly 30% in recent trade, while those of Fujitsu fell nearly 3%.

KOSDAQ:388790TYO:6702
Asia

Guoco Group to Develop Singapore Property via JV

Guoco Group (HKG:0053) agreed to set up a joint venture with real estate firms, Intrepid and TIDR, to develop a residential project in Singapore's Lentor Central, according to a Wednesday filing with the Hong Kong bourse.The project, which involves a property acquired for HK$4.03 billion via tender, spans 15,925.8 square meters and could potentially yield 562 residential units,Guoco will acquire a 50% interest in the joint venture, Intrepid will own 40%, while TIDR will take the remaining 10%.The partners will contribute HK$1.45 billion to the venture in proportion to their ownership of the JV. In Guoco's case, the capital contribution will amount to HK$724.4 million, comprising HK$165.4 million in share capital and HK$559 million in loans.A further HK$3.89 billion was arranged to finance part of the property's acquisition cost and the project's future construction costs and working capital.Guoco also agreed to provide project management and services to the project under a separate agreement that would expire on June 2, 2029.Intrepid and TIDR are associated with Guoco through its substantial shareholder Hong Leong Investment Holdings.

HKG:0053