NewsBite

Campbell Kwan

Today

Dexus is in talks to buy QIC’s Woodgrove mall for $450 million.

Dexus circles $830m of malls to catch retail wave

The property giant is on the hunt for a major shopping centre, looking at the likes of Woodgrove mall and a half stake in Erina Fair.

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Yesterday

HPI owns 58 venues, mostly leased to Australian Venue Co or a joint venture between AVC and Coles.

Charter Hall calls for independent valuer in HPI takeover fight

The property giant and its partner, super fund Hostplus, have extended their takeover bid for a third time in an effort to get more investors onside.

This Month

Forza Capital has acquired 233 Liverpool Street (pictured) in a bet that Darlinghurst offices will provide stronger returns from venture capitalists and tech startups flocking to the area.

Why this fundie thinks inner-city offices are a hot play

Forza Capital has acquired a Darlinghurst office building in inner-city Sydney, its third such investment in the sector this year.

Hailing shareholders: Lendlease’s outgoing chairman Michael Ullmer, left, CEO Tony Lombardo and incoming chairman John Gillam, right, at the start of the company’s AGM on Friday.

Lendlease avoids ‘second strike’ in crucial AGM showdown

The embattled company averted a vote on a potential board spill by convincing shareholders it was on the right track. Some want more evidence, however.

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The awarding of performance rights to Greg Goodman received a large protest vote.

Goodman suffers first strike against pay despite 75pc return

The industrial powerhouse suffered a 34 per cent protest vote against its remuneration report despite reporting “truly outstanding” FY24 results.

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1 Shelley Street is an 11-storey premium office tower that was most recently the headquarters to Macquarie Group.

Refresh at former Macquarie HQ gives new life to Barangaroo

A run of leasing deals in Sydney’s Barangaroo precinct has revived its fortunes, after a series of top corporate tenants left the waterfront precinct.

Lindfield station, located along Sydney’s north shore line, is among the 31 train stations earmarked for higher density housing.

5700 new homes can be built on Sydney’s north shore. Why aren’t they?

About 170,000 square metres of development land on Sydney’s north shore is on the market. But some developers are holding back.

Centuria Bass has provided a construction loan for this project by Sun Property Group in Toorak.

Why property developers are giving up on bank loans

Nearly three-quarters of developers are using private credit debt to fund their projects, ensuring that more housing gets built, a survey has found.

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The NSW Supreme Court found that AMP’s decision to sell its stake in Macquarie Centre to Dexus was a breach of contract.

UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus

The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.

This multi-level carpark near Queen Victoria Market is expected to sell for $115 million.

Melbourne CBD’s biggest development deal in five years is a car park

Malaysian giant Sime Darby has paid $115 million to acquire a car park that it intends to turn into a major development.

Trump supporter Eeva Files at a USA election party at the Kelvin Club in the Melbourne CBD.

Champagne and tears: Watching the US count in Australia

Trump supporters at an election event enjoyed a glass of bubbles as they watched the former president take a lead in the votes.

ETU bans have led to $25 billion worth of projects being delayed.

Push to end union threat to student housing, summer power prices

Snowy Hydro and Cedar Pacific have applied to suspend crippling work bans that are delaying projects across NSW as Premier Chris Minns faces pressure to intervene.

Hudson House has views of Sydney Harbour and the Royal Botanic Garden Sydney.

Hoteliers lodge at Hudson House, headquarters of the very rich

The Australian Hotel Association has outbid four prominent families to secure a third floor at the exclusive home of Australia’s richest family offices.

Dexus and CPPIB are set to sell 145 Ann Street for about $200 million.

Aware Super’s $200m Brisbane tower deal to revive bruised market

The $180 billion fund is in talks to buy the Ann Street tower. If completed as expected, it will be the first office deal there by a local super fund in five years.

The federal government wants to build 1.2 million homes in the next five years.

Five fixes to the housing crisis – from smaller homes to more builders

From more migrants with building skills to incentivising different types of housing, three chief executives give their suggestions on how to develop more homes.

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Business Council round table discussion members, left to right. Lendlease chief executive Tony Lombardo, Stockland chief executive Tarun Gupta, BCA chief executive Bran Black and CBA Matt Comyn.

Construction workers should be 10pc of migration, big developers urge

That was one of the key messages from a housing roundtable that focused on how to remove roadblocks to increasing the supply of affordable houses

October

Houses in Sydney’s northern beaches are being considered as fair value from home buyers that are priced out of Mosman and North Sydney, according to Domain data.

The Sydney suburbs where homebuyers are seeing fair value

New Domain research has revealed the Sydney suburbs where buyers’ median search prices are the same or higher than listing prices.

Costello backs negative gearing: ‘It’s not a concession’

Both the former treasurer and Opposition Leader Peter Dutton say negative gearing should be upheld as a basic principle of our tax system.

WiseTech to exit HQ and move up the road

Tech giant WiseTech will soon leave its long-time headquarters in south Sydney, once owned by founder Richard White, for a new home nearby.

Recent office sales, such as 388 George St, have represented a cap rates of just over 6 per cent which is only slightly higher than the reported cap rates of listed REITs.

More pain to come for office tower values despite 20pc tumble

Challenges to the office sector mean only the best towers are expected to increase in value as interest rates fall.

Original URL: https://www.afr.com/by/campbell-kwan-p5367p