This Month
Wealthy families to sell Sorrento’s ‘Conti’ hotel for $180m
The Continental stands at the gateway to some of Victoria’s most expensive real estate, including the clifftop mansion of Portsea owned by Rich Listers.
- Exclusive
- Property development
James Packer-backed $400m Toorak project gets the green light
Developer Orchard Piper has won an appeal against a council decision regarding its eight-level project on the site of a former Mercedes-Benz dealership.
Atlassian tower the next frontier for reborn hostel operator
As it prepares for its most ambitious opening yet, YHA Australia’s business continues to boom as demand for budget stays grows.
Redcape bolsters pub portfolio with triple Brisbane swoop
MA Financial’s hospitality group bought the three venues for a combined $66 million following a recent string of asset sales.
Popular Melbourne pub business collapses
Administrators are seeking buyers for businesses that operated The Carlton Club in the Melbourne CBD and the Windsor Castle Hotel in the inner suburbs.
‘Instant gratification’ investors drive 14pc fall in data centre float
Investors have sold out of data centre landlord DigiCo after it failed to fire up following its much-hyped float on Friday, say brokers.
Orchard and vineyard values down 15pc as livestock farms rally
Farmland planted with permanent crops such as wine grapes and nuts has fallen 15pc on average over the past 12 months, according to a key index.
David Di Pilla says US a ‘huge’ opportunity for data centre REIT
Speaking ahead of the float today of data centre trust DigiCo Infrastructure REIT, David Di Pilla says the much bigger US market is a natural extension of his ambitions.
- Updated
AirTrunk’s Robin Khuda wins battle to build apartments at Palm Beach
The Rich Lister has seen off objections from residents to his plans to develop a series of luxury units next door to Barrenjoey House.
The 16,000-room hotel boom that is yet to slow
The burst of development over the past four years has two more years to run before it slows, a new forecast shows.
Solotel takes charge of three Public Hospitality venues
Under a deal with receivers, the group will operate The Norfolk in Redfern, Oxford House in Paddington, and Camelia Grove Hotel in Alexandria.
NRL buys another two hotels in property push
The NRL has spent more than $37 million on two properties – one in Port Macquarie and another in Brisbane.
- Opinion
- Business People of the Year
Greg Goodman turns his company into a data centre powerhouse
The billionaire’s push to meet the booming demand for data storage lands him a place on the 2024 The Australian Financial Review Business People of the Year list.
- Exclusive
- Commercial real estate
James Packer behind $110m deal for Surry Hills heritage building
An investment company ultimately owned by James Packer is partnering with developer Time & Place on plans for a $500m inner-Sydney development.
Trophy farms worth $120m change hands in year-end deals bonanza
Among the five properties sold was the 1900-hectare wool aggregation Avington – and its 16,000 Merino sheep – in Victoria’s Macedon Ranges.
- Updated
Rate cuts won’t stimulate a big upswing in house prices: CoreLogic
An undersupply of housing will protect the market from a sharp correction, but there won’t be a significant rise when rates fall, predicts Tim Lawless.
Auction clearance rates hit year low as sellers lose confidence
More than half of the homes offered for auction in Sydney in the past week were withdrawn before the auction date.
November
Di Pilla’s HMC Capital on track for 90pc boost to earnings
The outperformance of its private equity fund and fees generated from its data centre IPO have supercharged earnings.
AUKUS subs project to drive $40b logistics, housing boom: report
The building and maintenance of nuclear submarines in Adelaide and Perth is expected to create demand for 1 million square metres of warehouse space and 24,500 homes.
Why this FIFO construction firm ‘never loses a client’
Fostering long-term relationships with clients such as gold miner Newmont has helped this business more than double revenue to $80m in a year.