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.
- Larry Schlesinger
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.
- Nick Lenaghan
Can an ‘upmarket boarding house’ solve Sydney’s housing problem?
Hotel Capital Partners is acquiring the former Quest Potts Point hotel and turning it into short-term rental housing to capitalise on inner-city housing shortages.
- Campbell Kwan
Charter Hall’s pursuit pays off as pubs giant accepts $760m bid
After months of opposing the offer, the board of listed pubs landlord Hotel Property Investments has recommended that investors accept the deal.
- Campbell Kwan
- Exclusive
- Shopping centres
Dexus’ own shopping centre fund vetoes $450m Melbourne mall purchase
The unusual situation has left one of the country’s largest real estate owners scrambling to find a way to finalise the acquisition of the Woodgrove mall.
- Campbell Kwan
Investor letters reveal private credit exposure to collapsed developer
APH Holding fell into administration last week, owing several lenders significant sums. Correspondence shows how short one lender, MaxCap, is on a project.
- Primrose Riordan
Aveo auction heads to second round with big new asset in play
The company has won over big real estate groups such as Lendlease and Dexus for the right to develop the Manly Health and Wellbeing site, people close to the process say.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The $4b rebound in office tower trades in the heart of Sydney
A $600 million office tower in the heart of Sydney is on track to change hands, capping off a remarkable resurgence for the battered sector.
- Campbell Kwan
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.
- Larry Schlesinger
Macquarie buys into private credit provider IDA
The investment bank is tapping the demand for development funding in Australia’s chronically undersupplied housing market.
- Michael Bleby
Charter Hall clears first hurdle in fight to control big name pubs
The property giant and superannuation fund Hostplus have taken a majority stake in Hotel Property Investments during a drawn-out battle for control.
- Campbell Kwan
How it just became even better to buy an apartment in NSW
A High Court ruling has made it easier for off-the-plan buyers to sue developers and builders for defects – but only if they live in the largest state.
- Michael Bleby
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.
- Larry Schlesinger
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.
- Larry Schlesinger
‘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.
- Larry Schlesinger
- Updated
- Commercial property finance
Singapore’s CapitaLand nails $200m Wingate deal
CapitaLand confirmed its intended acquisition of Wingate for $200 million as the Asian real estate manager expands into private credit.
- Primrose Riordan
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.
- Larry Schlesinger
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.
- Larry Schlesinger
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.
- Nick Lenaghan
New hands and old in $20m deal at Hugo’s Manly
Artemus Group has bought the Manly institution while also entering into a joint venture with Hugo’s Group to open more hospitality projects together.
- Campbell Kwan
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.
- Larry Schlesinger
- Opinion
- Property Observed
When will office tower values stop falling?
Investor sentiment about the battered office sector is turning. And, say some, there may even be some upside in 2025.
- Robert Harley
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.
- Nick Lenaghan and Campbell Kwan
Queensland may have to tap private funds for Olympic projects
With construction cost growth outstripping Sydney and Melbourne, Brisbane 2032 might need private consortia to deliver and operate Games infrastructure.
- Michael Bleby
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.
- Larry Schlesinger