Today
Hong Kong arts hub selling land to stay afloat
The redevelopment of a reclaimed area on Victoria Harbour is important as Hong Kong struggles to restore its reputation.
- Shawna Kwan
Yesterday
Pub landlord HPI rejects consortium’s $710m bid
The ASX-listed owner of 58 pubs told investors the bid undervalued its portfolio, which would only grow more in value as rates fell.
- Michael Bleby
This Month
Data centre market doubling in four years is conservative: CBRE
The latest CBRE research indicates the upward trajectory of data centre growth would be even faster if not for energy shortfalls.
- Campbell Kwan
Alibaba’s Australian office changes hands for $30m
In the Melbourne CBD market hit hard by the pandemic, some office vendors hope high replacement costs make their existing buildings more attractive.
- Michael Bleby
Ontario Teachers, Hines buy two BTR projects in Brisbane for $350m
Despite headwinds in the build-to-rent sector, institutional investors remain interested and a wave of consolidation is under way.
- Michael Bleby
- Exclusive
- Pubs
Paradise lost: Virtical pub empire’s problems have roots in Eden
Neil Rankin thought he would fund his retirement after selling a small-town pub to a company involving John Palasty. Instead, it turned into a lengthy legal battle.
- Larry Schlesinger, David Marin-Guzman and Max Mason
September
Riskiest real estate bonds are beating Nvidia’s returns
It’s a turnaround few could have predicted when landlords around the world were creaking under the weight of higher interest rates and changing work habits.
- Tasos Vossos
Di Pilla’s $50b funds dream inches closer with major mall deal
If it is finalised, the deal for a stake in the Sydney mall will be a fresh expansion of the rapidly evolving funds platform that went public five years ago.
- Nick Lenaghan and Campbell Kwan
The $620m makeover for Manly, Howard Smith wharves
Plans are afoot to transform the faded glory of waterside venues at Manly and in Brisbane to bustling tourist destinations. The locals have had their say, too.
- Campbell Kwan
Treasury sells Karadoc winery near Mildura to wool brokers
The Karadoc winery, which made brands like Wolf Blass and Yellowglen, has been sold to the managing director and chief financial officer of Quality Wool Group.
- Larry Schlesinger
The plan for the world’s most ambitious skyscraper renovation
HSBC is leaving its home in London’s Canary Wharf for new digs in the City. The move has prompted a dramatic overhaul of the signature tower.
- Helen Chandler-Wilde
- Exclusive
- Insolvency
John Palasty jumps from Virtical’s sinking ship
The developer is trying to distance himself from Virtical’s collapsing empire, stepping down and selling his shares to a director of multiple failed companies.
- Max Mason, David Marin-Guzman and Larry Schlesinger
- Exclusive
- Commercial real estate
Adrenaline rush, light and sound show planned for Mornington cable car
Plans by Rich Lister Peter Gunn and NAB director Simon McKeon for Arthur Seat Eagle on the Mornington Peninsula include a thrilling luge ride.
- Larry Schlesinger
GPT Group’s six degrees of separation
The property fund manager has named former Charter Hall Matthew Brown as its new head of office, marking the third hire from its rival.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ACCC green light for $1.3b Lendlease, Stockland estates deal
The divestment is one of a number of major initiatives that Lendlease boss Tony Lombardo is pursuing in a radical overhaul of the global developer.
- Nick Lenaghan
- Exclusive
- Office
Brookfield to sell $480m stake in tower that Cartier calls home
Singaporean property giant UOL will buy Brookfield’s half stake of 388 George Street, which will be managed by Investa once the deal is completed.
- Campbell Kwan
- Opinion
- Investing
Commercial property prospects that might excite Warren Buffett
If Warren Buffett applied his investing philosophy to Australian commercial property, what might he buy?
- Sam Tamblyn
- Exclusive
- Commercial real estate
BlackRock seeds $1.5b laboratory real estate fund
BlackRock is partnering with local private equity firm Wentworth Capital on a “pure play” laboratory fund that has already secured a number of seed assets
- Larry Schlesinger
Country’s biggest builder warns on housing slowdown
Forget fiddling with tax settings and focus on fixing red tape and the tradie shortage to deliver more housing, says Metricon boss Brad Duggan.
- Nick Lenaghan
Commercial property is coming back to life in US
But at what price will beaten-down offices, apartments and other properties actually change hands?
- Natalie Wong and John Gittelsohn