Beacon Lighting (ASX:BLX) launches property fund

04DecDecember 4, 2020

Beacon Lighting (ASX:BLX) launches property fund

Beacon Lighting Group (ASX:BLX) has established a property fund and acquired its first property.

The Beacon Commercial Property Fund has been established to own several subfunds which will be used to acquire properties for the purposes of leasing them to Beacon Lighting and other tenants.

Beacon Lighting Group has a 50 per cent stake in the fund. The other 50 per cent is owned by Ian Robinson, the Executive Chairman of the Beacon Lighting Group.

The company says “investment in the Fund may also become available to other third party investors in the future”.

Shares in Beacon Lighting Group (ASX:BLX) closed 5.4 per cent higher at $1.47 yesterday.

Source: Finance News Network

11MayMay 11, 2021

Stocks of the Hour: Crown, The Star, Woolworths & Pointsbet

10 May 2021 - A snapshot of stocks making headlines for the hour featuring Crown Resorts (ASX:CWN), Woolworths (ASX:WOW) & PointsBet Holdings (ASX:PBH).

27JunJune 27, 2022

Stocks of the Hour: Imugene, Centrepoint Alliance & Tamboran Resources

27 Jun 2022 - A snapshot of the stocks on the move featuring Imugene (ASX:IMU), Centrepoint Alliance (ASX:CAF) & Tamboran Resources (ASX:TBN).

07FebFebruary 7, 2021

Crown Resort’s (ASX:CWN) Perth Casino doors to remain closed until 14 February

05 Feb 2021 - Crown Perth’s (ASX:CWN) casino and theatre will remain closed until February 14 following updated guidance from the Western Australian government after a five-day lockdown.

13JanJanuary 13, 2021

Fintech Tyro (ASX:TYR) working on terminal connectivity problem

13 Jan 2021 - Fintech Tyro (ASX:TYR) has experienced a terminal connectivity issue with respect to some of its EFTPOS terminals.

02FebFebruary 2, 2021

The Credit Corp Group (ASX:CCP) see first half profit growth of 10%

02 Feb 2021 - The Credit Corp Group (ASX:CCP) reports a 10 per cent increase in net profit after tax (NPAT) to $42.3 million.

13MayMay 13, 2020

CBA (ASX:CBA) to sell stake in Colonial First State

13 May 2020 - The Commonwealth Bank of Australia (ASX:CBA) has entered into an agreement to sell a 55 per cent interest in Colonial First State to KKR, a global investment firm.

25OctOctober 25, 2019

Fleetwood (ASX:FWD) secures $17 million Pilbara contract

25 Oct 2019 - Modular accommodation provider, Fleetwood Corporation (ASX:FWD) has secured a $17 million contract for an iron ore accommodation village in the Pilbara region of Western Australia.