Yesterday
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.
This Month
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.
NSW fast-tracks 6500 homes with new authority
The state government backs its new housing authority’s recommendations for 11 big projects to go in the express lane for approval, bypassing council gridlock.
Hoteliers see housing crisis as ally in war against Airbnb, Stayz
The association representing the world’s biggest hotel groups has called for the government to introduce a 90-day cap on short-term accommodation.
Heritage-listed cottage beats reserve by $350,000 amid rate cut hopes
A former post office that has been transformed into a home sold for $2.85 million as buyers snapped up properties under hopes of an interest rate cut on Tuesday.
QIC’s big plan to fix the nation’s housing and healthcare shortages
Newly appointed real estate managing director Deborah Coakley says the sovereign wealth fund wants to be known for more than owning shopping centres.
Suspended Elanor puts $160m of hotels up for sale in race to fix debt
The fund manager has put the luxurious Adelaide’s Mayfair Hotel and Tasmania’s Cradle Mountain Lodge up for sale as it seeks to end its suspension from the ASX.
This fund manager wants to spend billions on outdoor storage
Global investment manager Realterm is betting on a niche logistics property type to grow in demand as e-commerce expands.
January
Private credit giant Metrics takes on housing project after loan sours
The non-bank lender has taken control of an APH site in eastern Melbourne for about $14 million under revised plans to turn it into a residential development.
Hotels love that tennis now means ‘spoiling yourself’
Hoteliers have relished the boost from more tourists coming to the tennis this year because of the lower Aussie dollar.
Luxury apartment in Gurner complex offered at $1.3m discount
The Saint Moritz development, popular with Melbourne’s elite, boasts a 25-metre pool and a bar. But it has also been the subject of complaints about defects.
The financier, the developer and the stoush that threatens 1000 units
Bensons Property Group put itself into administration the day a fund managed by Macquarie Private Bank’s former head tipped it into receivership.
In Sydney’s east, residents are taking security into their own hands
Former police inspector Michael Gerondis has installed security cameras at his home and community groups are monitoring schools and centres around the clock.
Victoria loses 20,000 rental properties in 18 months
Investors selling in the short term is not likely to impact rents, but a longer-term reduction in the state’s available stock could.
Private credit star Metrics is bringing cheap(er) wine to Rockpool
The founder of Metrics, one of the biggest non-bank lenders, has his hands full overhauling Rockpool – and defending the booming sector from its critics.
Why a 1.4pc return is great news for the office market
Mirvac Wholesale Office Fund, which owns Quay Quarter Tower and the former AMP building, delivered positive returns for the final quarter of 2024.
Just 28pc of offices will meet major tenants’ climate needs
Government and blue-chip private sector tenants are pushing to move into green offices, but they are in short supply.
Metrics, Billbergia to develop $3b twin tower project in Sydney CBD
The non-bank lender has acquired 338 Pitt Street in a joint venture with developer Billbergia to build 600 luxury apartments.