Yesterday
Sydney Fish Market posts losses but stays afloat
Concerns about the market’s solvency flared after it failed to lodge its 2024 accounts on time, and design complexities and costs rose at the new facility.
This Month
He promised big returns. Then millions of dollars disappeared
Paul Giezekamp promised to deliver a fortune developing land into townhouses. Instead, liquidators allege he spent the money on “personal expenditure”.
How this typical family will be affected (including housing worries)
Tori and Ryan Spettigue hoped for help with childcare, and they got it. Sort of. They still worry their kids won’t be able to afford to live anywhere near them when they grow up.
Pressure on Elanor as Challenger shops its $3.5b real estate mandate
Challenger is running a request for proposal process to canvass alternate managers, as its current manager Elanor remains in breach of debt covenants.
Merricks tips more debt into Sydney ‘Halo’ tower amid default
The private credit provider remains supportive of the project with its loan top-up to get work moving at the site, while a non-Merricks lender has issued a default.
North shore home fetches $700k more in just three years
Some homes – such as a four-bedroom place in Sydney’s St Ives – sold well, but auction clearance rates slipped for a fourth straight week.
Hidden under Central Station lies a clock collector’s paradise
A secure chamber in the catacombs of the Sydney rail hub holds a decade-old collection of timepieces. It’s worth thousands – but rail bosses are unsure what to do with it.
Property giant GPT seizes on Lendlease’s retail retreat
A Lendlease-run shopping centre fund, once one of the biggest in the country, will now be in charge of running just two malls.
An Aussie developer, a US theatre and the lenders chasing millions
Caydon founder Joe Russo is accused of self-dealings and negligence by not disclosing the red flags of a run-down Californian theatre.
101 Collins St owner buys billionaire’s site to save Yarra River views
The Tarascio family has sold a Melbourne CBD site where a luxury apartment proposal would have obstructed views from the city’s top tower and its tenants.
Land rush at Sydney’s Aerotropolis with $450m government site on offer
The large tract of land can fit data centres or an industrial estate that would have an end value of about $1.5 billion.
Fitness boom turbocharges former soccer stars’ supplements empire
Domenic and Sebastian Giampaolo opened their first shop in 2007. Last year, they added a new store to their network every 10 days.
Revealed: The Westfield malls in talks to build thousands of homes
Scentre Group is in advanced talks with the NSW government for rezoning to allow for more homes near Westfield Warringah Mall and Westfield Tuggerah.
Australia needs to keep a cool head on Trump 2.0: Wong
Penny Wong tells the Financial Review Business Summit that tariffs are the new reality; Bill Shorten warns Victoria is a challenge for federal Labor. How the day unfolded.
Directors ‘overwhelmed’ by compliance burden
Company say their own regulatory and compliance burdens are too high, and corporate governance principles should be related to allow more risk-taking.
Aldi’s struggles show Sydney’s dire industrial land shortage
Retailers are struggling to secure the warehousing and distribution facilities they need to serve a growing population.
February
Adam Blumenthal incurs $2.6m loss in sale of Double Bay trophy site
The EverBlu Capital founder and his wife had owned the site – earmarked for whole-floor luxury apartments – for less than two years.
Westfield owner’s next big play is apartment towers
Shopping mall giant Scentre wants to obtain as many rezoning approvals as possible at its shopping centres to allow for high-rise apartments.
Brookfield sells $330m logistics estate 3 months after it was built
Local player Gateway Capital has partnered with two global funds in the race for position in one of the world’s tightest markets for logistics properties.
Vicinity’s bet that bigger is better brings higher in-store spending
The listed mall landlord reported that the leasing spreads for its premium centres are 320 basis points higher than its portfolio average.