This Month
Rich Lister Sam Arnaout caps year with mega Sydney pubs deal
The real estate magnate has bought Sydney’s Cabramatta Hotel and the El Cortez Hotel in a transaction worth more than $180 million.
A $240b infrastructure and property merger gets down to business
After 18 months of negotiations, IFM Investors and super fund property investor ISPT have joined forces to create a $240 billion investment giant.
US giant Hines eyes $600m office tower deal in North Sydney
The mooted sale is at around a 25 per cent discount to the tower’s value when built just five years ago, a sign of how much the sector has been hammered.
The $180m mall Woolies liked so much it bought it
Woolworths’ big buy in Sydney’s west shows the price it’s prepared to pay as it jostles with its rivals for the best position in suburbs across the nation.
Welcome to Australia Post’s HQ. Just don’t call it the HQ
The postal service has ditched its high-profile head office in a Melbourne skyscraper for a humble yet high-tech building in the suburbs. It’s all about the vibe.
November
The $1.5b housing opportunity at Westfield Hornsby
Seven of Sydney’s transport hubs have been earmarked for fast-track housing development. Mall giant Scentre is an early winner, and says much more can be done.
Di Pilla’s $4b data centre play books December debut on ASX
The much-heralded float from the deal-making dynamo taps into one of this year’s hottest themes across the infrastructure, technology and property sectors.
China’s enthusiasm for Australian housing cools
Home buyers from China are being squeezed between a slowing economy and high prices for Australian residential real estate.
Rich Lister strikes three with $170 million Adelaide mall deal
After making a fortune in petrol stations, Nick Andrianakos is reinvesting that wealth into the retail revival, with a string of big mall investments.
- Exclusive
- Commercial real estate
Big industry super property fund plunges to $1.5b loss on write-downs
ISPT, backed by AustralianSuper and other big funds, has written down the value of assets in its flagship vehicle as it prepares to merge into IFM Investors.
Stockland bumps up earnings after buying Lendlease estates
The mega deal hands 12 greenfield projects to Stockland to develop in the midst of a housing crisis when new homes are in hot demand.
David Di Pilla flags $4b data centre float
Di Pilla’s group, HMC Capital, now has $2.5 billion of digital infrastructure assets in its control. It plans to spin off the portfolio and list it on the ASX.
Housing market braces for Trump’s interest rate gyrations
Less than two thirds of homes listed for auction sold in the past week as an already weakening market absorbed the prospects of Donald Trump’s re-election.
October
Property downturn nips into Walker Group profit
The empire founded by the late Lang Walker is powering on, with a $36 billion development pipeline and landmark projects stretching from Sydney to Malaysia.
Office funds drop 27pc, but the downturn may soon be over
Rising interest rates, weak demand and the switch to hybrid work have wrought havoc for the office sector over the past two years.
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.
Giant $1.5b build-to-rent housing project slated for Marrickville
The massive project is put forward as a state significant development. Fully funded, work can begin as soon as approval is granted by the NSW government.
‘Be careful what you wish for’ in property tax reform
Any benefit from falling house prices by curbing investor concessions may be short-lived. And there would be a price to pay, say property experts.
Office mandates on the rise as jobs market softens: experts
The trend back to the office has further to run in the short term as power swings back toward employers. But there may be limits to that shift.
House price growth to slow to 5pc nationally: experts
The pace of house price growth is slowing as affordability constraints and high borrowing costs take the edge off strong underlying demand.