Real Estate

• Portfolio NTA increased to $1.66/unit; sold 9 Help Street, Chatswood for $90m at 12.5% premium to book

Ingenia (ASX:INA) has rebuffed an unsolicited cash approach from private equity giant Warburg Pincus, arguing the $4.75-a-security price fails to reflect its growth. The market thinks the story is far from over.

The maths that once made a mid-sized apartment project stack up has quietly stopped working. With the major banks retreating and privateCreditstepping into the gap at a higher price, developers are walking away from schemes the nation desperately needs built — and the government's …

Every home that does not change hands is a cheque the states never receive. As transaction volumes collapse alongside prices, stamp duty receipts are tumbling — and treasurers who leaned on a rising property market to balance the books are now staring at multi-billion-dollar …

•Investmentportfolio occupancy of 97.6%

• Portfolio concentrated in essential retail, grocery-anchored and daily-needs assets

• Portfolio valuation gains of $8.25 million supported property values