Yesterday
Aware Super’s $1b plan for serviced apartments in Europe
The fund has taken majority control of an “aparthotel” operator, continuing a push into global real estate.
This Month
Race for space spurs CBD office rebound
Green shoots are emerging most strongly in Sydney, where demand increased rents in the best buildings by 9.1 per cent in the past financial year.
Perichs’ dairy giant hands on Vic farm to Qld egg producer
In a deal worth close to $55m, one of the country’s biggest dairying businesses has sold a Victorian farm to one of Australia’s major egg producers.
Famed tea growers’ WA farm in new hands after sale exceeding $50m
The Oaks, near Esperance on WA’s south coast, has been in the hands of the Russell family, descendants of a famed British tea entrepreneur, for 50 years.
Chinese e-commerce giant buys first Aussie warehouse. And it’s big.
The Chinese e-commerce operator is building a network of logistics hubs around the world. This is its first in Australia.
Lawson Grains rejigs Riverina holdings with $40m listing
Lawson Grains is one of the country’s biggest corporate grain growers, now controlled by Australian fund manager New Forests and its Canadian partner, AIMCo.
US funds giant buys into self-storage boom
Barings has taken a majority stake in Swift Storage as big players jostle for exposure to the sector’s estimated $2 billion annual turnover.
NT station famed for big rains in new hands after four decades
Cattle breeders Tony and Julie Harrower put Dorisvale Station, south of Darwin, on the market two years ago after more than 40 years of ownership.
‘The horse is about to bolt’: Auctions boom as rates fall
Buoyed by two interest rates so far this year, with a third looming this week, buyers have pushed clearance rates above 70 per cent for the past four weeks.
Goodman launches Hong Kong fund centred around data centres
Goodman is leaning harder into the worldwide demand for data centres. It has a $100 billion global pipeline of projects. It just needs capital to drive it.
This $215b Asian investor just went private. Two Aussies are in charge
Australia is one of the biggest markets for ESR, which has just been delisted in Hong Kong. Its new president and chairman are well-known names here.
Why this $140b industry super fund likes shopping malls so much
By 2030, a growing population will need much more retail space to cater for its shopping needs. Even allowing for online buying, we are running out of malls.
June
Rates down, demand up: sun shines on property stocks
The “setup for real estate” hasn’t been more positive since the start of COVID-19, UBS says.
Why one of world’s biggest landlords isn’t building more rentals here
Blackstone allocates one-quarter of its real estate portfolio to rental housing globally. In Australia, it has just two build-to-rent facilities.
Blackstone says Crown overhauling the ‘fun stuff’ after licence return
The private equity giant says it is investing in the casino’s hotels and restaurants after repairing governance and money-laundering risk issues.
A retirement village inside a uni? This operator is planning one
As Australia ages, there’s plenty of institutional money looking to play the long game in aged living. Aware Super-backed operator Keyton has big plans.
Future Fund ditches Dexus as manager of its Melbourne Airport stake
The $300 billion fund has only just been approved to manage assets internally. Dexus is already fighting with Australian Pacific Airports Corporation investors.
Lowy family goes shopping for Melbourne mall in $440m deal
A fund manager, backed by the Lowy family, has bought its first major shopping mall. It’s also a return to the sector for Westfield co-founder Sir Frank Lowy.
Cbus Property steps up as white knight for Sydney’s ‘Halo’ tower
The Sydney CBD site hosts an ambitious proposal for a 55-storey hybrid timber tower. But the plan brought with it considerable financial obligations.
HESTA’s big plan to invest in European student beds, self-storage
Big super funds have long had positions in real estate including offshore, but the pressure to go global is increasing as they outgrow opportunities at home.