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The transaction is expected to wrap up in March 2025 and involves the Bonaire centre, which was closed until February due to flooding from October.

As a result, refurbishment has been completed on the common areas and retail units on the ground floor, with some tenants using this as an opportunity to upgrade their stores. The occupancy rate of Bonaire is currently 98%, with approximately 80% of stores either reopened or expected to be by the end of March.

Given the impact of the flooding, URW has now given Castellana an 18-month NOI guarantee – including a cap of €32.9 million to cover the stabilization period.

However, it is expected only a marginal part of this will actually be utilised to the fullest considering the strong occupancy levels in Bonaire right now.

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The sale ensures URW has completed or secured €900 million worth of transactions this year, helping to reduce its proportionate net debt.

URW shares have been trading at $6.36.

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In its report for the first half of the 2025 fiscal year, JB Hi-Fi said its group sales had risen 9.8% – to $5.67 billion – while EBIT (earnings before interest and tax) was up 8.6% to $419.9 million, and NPAT (net profit after tax) had increased 8%, to $285.4 million.

The company also reported an interim dividend of 170cps; a rise of 12cps or 7.6%.

Increased sales were a pattern across the board: Good Guys brought sales of $1.52 billion, while total sales for e&s were up 7.6% to $92.3 million.

The reading was particularly strong in JB Hi-Fi New Zealand, where a rise of 20% was reported for total sales of NZD202.5 million. In Australia, sales were up 7.2% to $3.88 billion, driven by technology and electronics.

Group CEO Terry Smart said it had been a good six months for the company.

“In this challenging trading environment, marked by heightened competitor activity, our focus remained on maximising demand through delivering consistently high levels of customer service and exceptional value for our customers,” he said.

JB Hi-Fi has been trading at $102.45.

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Sales reached 3.14 million barrels of oil equivalent (MMboe) during 4Q24, with the 53% hike explained by the timing of liftings at Karoon’s Baúna development offshore Brazil.

As a result, sales revenues for the quarter were US$222.2 million, bringing overall revenues for 2024 to US$776.5 million – a record for the company.

Also highlighted was Karoon’s completion of an exploration program in the Gulf of Mexico, achieving success with two out of three wells, and an upward revision of 190% in NRI contingent resource at Who Dat East 2C (from 5.4 MMboe to 15.7MMboe).

Karoon is also carrying out an evaluation of the resources at Who Dat South, while an assessment at Who Dat West found no significant hydrocarbons.

Gross production from Who Dat overall was 3% lower compared to 3Q24, mainly due to a planned annual platform shutdown and gas compressor maintenance.

CEO and managing director Dr Julian Fowles said Karoon’s performance in this quarter had been strong.

“Despite a number of operational challenges in the last quarter of 2024, including a 12-day shut-in to repair two FPSO anchor chains at Baúna and an active hurricane season in the US Gulf of Mexico, CY24 full-year production of 10.4 MMboe (NRI basis) was a record for the company,” he said.

“Full-year sales revenue of US$776.5 million was also the highest ever achieved by Karoon.

At 3:32 AEDT, Karoon shares were trading at $1.53 – a rise of 7.7%.

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The total annual dividend will reach 73cps, half franked, thanks to double digit revenue and earnings growth.

Shares are at $35.13 (1.10pm AEST).

Car Group has recently expanded into the US and Brazil, and Car Group CEO Cameron McIntyre hinted on further market moves.

“The addressable markets we operate in are large and under penetrated, and we have multiple levers to deliver future growth,” he said.

“With a strong balance sheet and conservative leverage, we are well-positioned to invest in technological innovation and deliver great outcomes for our customers.

“Our momentum gives us confidence in our ability to continue to grow the business over the coming years.

“Double-digit revenue and earnings growth in Australia was supported by a robust used car market and strong operational performance.

“Our South Korean business continues to grow its proportion of premium products and the volume of fully digital transactions.

“Our dynamic pricing engine has successfully increased private ad yields in both the US and Brazil following its implementation in those markets.“The addressable markets we operate in are large and under penetrated and we have multiple levers to deliver future growth.”

Car Group has reported revenue of $1.099 billion, up 41% on the previous corresponding period. It’s Net Profit After Tax (NPAT) of $250m was down from $646m in the previous corresponding period, recognising a $487m gain on acquisition of Trader Interactive and webmotors.

The company said it was on track to see similar adjusted EBITDA margins in FY25 based on its dealer, private and advertising businesses.

Car Group closed yesterday at $33.64.