I would have thought that a related party transaction would have fallen within the relms of 3.1(1)
However,I stumbled across all these on the web after gooogling colliers international carlyle group & also looking at wotnews.com.au
It might explain the huge spike in the SP from the lows,obviously it looks like someonelse might have known about and may have forgotten or didnt bother informing the market and possibly traded with the full knowledge of the information below,but if the related party transaction associated to a private entity excludes such disclosure in accordance of 3.1(1) then this may explain why NO asx announcement was made to market. ***********************
FROM COLLIERS..... Carlyle Group to Sell Portfolio
Colliers International has been appointed as selling agent for part of a portfolio of industrial properties across Australia.
The 16 properties are owned by private equity company Carlyle Group, after purchasing the portfolio from joint venture equipment hire businesses, Coates and National Hire.
Malcom Tyson, Managing Director of Industrial at Colliers International, said the company is selling their properties to realise a better return on the business.
"Selling their properties will give Carlyle Group the possibility for future expansion," said Mr Tyson.
Two of the 16 properties will be sold as vacant possession with the remaining 14 comprising long-term leasebacks.
"We will be marketing the properties separately, with 14 auctions and two expressions of interest, to ensure the best outcome," said Mr Tyson.
"They have been well received by the market as investors identify the high quality investments, as they all are in high profile locations, all level sites and reflect close to land value."
Mr Tyson said the positive spread has resulted from falling cash rates and uncertainty of equity, which means real estate is the best investment in the current market conditions.
"The positive spread has not been this significant in 10 years," he said ********************* AND... Coates Portfolio Off to a Flying Start 24/03/2009
Colliers International is on a roll following four properties sold under the hammer in two days by private investors. The four properties were part of the private company Carlyle Group's Coates industrial portfolio.
The first of the 16 industrial properties sold was 429 Patterson Road, Kwinana, Western Australia for $6.66 million with a yield of 7.95 percent. The 26,305 sqm site includes a building with 2239 sqm of net lettable area.
The second Western Australian property was lot 2071 Harris River road, Collie, which sold for $400,000 with a yield of 8.75 percent. The 3581 sqm site has 413 sqm of net lettable area.
The WA auction held seven properties to a full house of 45 people, five of which passed in but are currently under negotiation with serious parties.
Two Newcastle properties in NSW were sold, which were 22 Wallarah Road, Musswellbrook, and 55 Mt Thorley Road, Mt Thorley, Singleton.
The Musswellbrook property sold for $530,000 with a yield of 8.01 percent. The 4756 sqm site includes 523 sqm of net lettable space.
The Singleton property included 262 sqm of net lettable area on a 4303 sqm site. It sold for $415000 and had a yield of 8.43 percent.
Malcom Tyson, Managing Director of Industrial at Colliers International, said all the properties were sold above the reserve.
"Colliers International is pleased with the outstanding results of the four sales. The entire portfolio was well received as they are good products, long-term investments with most of the properties holding 12-year leases."
Mr Tyson said activity is back in the marketplace, especially by the private investment sector, as each property sold so far has been to a private investor.
"The sale of these four properties proves there is plenty of buyer interest out there and we are expecting to sell the remaining 12 properties in the Coates portfolio within the next 10 days. ********************* FROM WOTNEWS.COM.AU...... Coates to sell sites and lease them back
The owners of Australia’s biggest equipment hire group, Coates Hire, are auctioning seven WA sites next month in the hope of reaping more than $15 million. The Carlyle Group and Kerry Stokes’ Natio The West Australian - business - 12:15 p.m. Friday 13th February 2009 EST.
*********************** AND... Coates Hire disposes of two more assets
Private investors have bought two Victorian properties owned by one of Australia’s largest equipment hire companies, Coates Hire. Australian Property Review - 8:40 a.m. Tuesday 26th May 2009 EST
NHR Price at posting:
$1.61 Sentiment: None Disclosure: Not Held