Commercial Property News Archive for 24-Jan-2009

Australia Government:To Launch A$4 Billion Package For Commercial Property (Nasdaq)

CANBERRA -(Dow Jones)- The Australian government announced Saturday it will establish a temporary contingency fund, which could swell to up to A$30 billion, to provide liquidity support to major commercial property projects in Australia.

Rudd Pledges A$4 Billion Fund for Commercial Property (Update1) (Bloomberg)

Jan. 24 (Bloomberg) -- Australian Prime Minister Kevin Rudd pledged A$4 billion ($2.6 billion) for a lending fund for commercial property companies should foreign banks fail to roll over as much as A$75 billion in business loans.