ASX Announcements
Yesterday
- Opinion
- Chanticleer
Office values drop 22pc in two years. When will they bottom?
That is a big fall in defensive, long-life assets. It’s part working from home, part interest rates. It can’t continue forever, but it hasn’t slowed yet.
- Anthony Macdonald
August
Property fund manager’s shares jump 15pc after results
Charter Hall has accumulated an $81 billion pool of mostly property assets. CEO David Harrison says the market has realised it’s been “unfairly marked down”.
- Nick Lenaghan
July
Macquarie says it’s time to buy real estate stocks before rate cuts
The broker has warned that the “best” phases for ASX returns is behind us and is urging investors to buy more defensive companies amid signs that returns are starting to falter.
- Joshua Peach
Local REITs outpace broader market despite sagging asset valuations
Goodman Group was the standout performer in the 12 months to June 30, buoyed by rising demand from investors for exposure to data centres.
- Updated
- Kylar Loussikian
June
- Exclusive
- Industrial relations
Pay dispute delays construction of 1600 homes
Industrial action by workers at poles and wires company Endeavour Energy is stalling the delivery of 1600 homes and $1.2 billion worth of warehouses in Sydney.
- Campbell Kwan and David Marin-Guzman
- Opinion
- Property investment
How the ultra-wealthy are preparing for a property uptick
When Rich Listers hit go on commercial real estate projects, it’ll be a sign that we’re close to a market turnaround.
- Sam Tamblyn
March
Charter Hall swallows 15pc of pubs owner HPI
The property fund manager is already the country’s biggest pubs owner after taking charge of former ASX-listed landlord ALE Group in a $1.7 billion deal three years ago.
- Nick Lenaghan
How cool is your office? Come inside Amazon’s Collins Street HQ
While the WFH debate rages on – office mandates versus work from where ever – a new swing factor has emerged: how comfy and convivial is your office?
- Nick Lenaghan
February
Paradice lost: Charter Hall unlikely to deliver big payday
Street Talk understands Charter Hall boss David Harrison is happy sitting on just 50 per cent of Paradice Investment Management
- Sarah Thompson, Kanika Sood and Emma Rapaport
Back to office mandates a boon for battered sector: Charter Hall
Fund managers and landlords such as Charter Hall are set to benefit from companies compelling more workers to come into the office more often.
- Nick Lenaghan
January
- Exclusive
- Commercial real estate
Mirvac office fund declines 14.5pc as headwinds hit wholesale sector
While office assets continue their drawn-out decline in value, dark clouds are also sitting heavy over the golden child of industrial property.
- Michael Bleby
October 2023
Gilbert + Tobin bails out of Barangaroo
The move is another blow to the Barangaroo precinct, which has struggled to retain tenants due to decisions to move elsewhere or downsize.
- Updated
- Campbell Kwan and Maxim Shanahan
- Opinion
- Chanticleer
Big office owners’ pitch can’t overcome interest rate fears
The big property groups love talking about their premium assets. Unfortunately, they need markets to settle down before investors are willing to listen.
- Anthony Macdonald
- Exclusive
- Commercial real estate
Rich Lister Stamoulis spies opportunity in $155m Charter Hall tower
The Melbourne deal comes in a market which has been starved of major trades for the past year as office values fall, under pressure from higher rates and softening demand.
- Nick Lenaghan
August 2023
Offices on the nose as REITs take $6b hit
While office values could fall further, the outlook for malls is brighter and A-REIT earnings in FY24 could be higher than forecast, say fund managers.
- Larry Schlesinger
Centennial buys discounted Sydney industrial sites for $163m
Centennial says multistorey is an option for a logistics site in Brookvale acquired from Centuria, while it may expand another site bought from Charter Hall.
- Larry Schlesinger
- Opinion
- Chanticleer
Three ways the office property reckoning will play out
Charter Hall’s David Harrison says history provides a good guide to how the pressures in the office property market will be resolved.
- James Thomson
Charter Hall to lift distribution 6pc despite property headwinds
Property funds under management – the engine room of Charter Hall’s business – rose 9.5 per cent to $71.9 billion during 2023.
- Nick Lenaghan
Some REITs will weather the slowdown
Australian real estate investment trusts have weathered huge recent challenges. If things can’t get worse, are they about to get better?
- Jeremy Chunn
- Opinion
- Office
There’s one big factor in the office property slump (and it’s not WFH)
Australia’s office tower property sector is in the doldrums - but investors shouldn’t ignore the fact that there’s an excess of new supply.
- Robert Harley