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Property construction is under pressure due to high costs.

The next three property shortages have already started

Charter Hall boss David Harrison says the supply shortages and lack of developer confidence we’re seeing in the housing market are playing out across the property sector. 

  • 1 hr ago
  • James Thomson
Dexus is in talks to buy QIC’s Woodgrove mall for $450 million.

Dexus circles $830m of malls to catch retail wave

The property giant is on the hunt for a major shopping centre, looking at the likes of Woodgrove mall and a half stake in Erina Fair.

  • 1 hr ago
  • Campbell Kwan

Yesterday

HPI owns 58 venues, mostly leased to Australian Venue Co or a joint venture between AVC and Coles.

Charter Hall calls for independent valuer in HPI takeover fight

The property giant and its partner, super fund Hostplus, have extended their takeover bid for a third time in an effort to get more investors onside.

  • Campbell Kwan

This Month

Forza Capital has acquired 233 Liverpool Street (pictured) in a bet that Darlinghurst offices will provide stronger returns from venture capitalists and tech startups flocking to the area.

Why this fundie thinks inner-city offices are a hot play

Forza Capital has acquired a Darlinghurst office building in inner-city Sydney, its third such investment in the sector this year.

  • Campbell Kwan
Management rights to Clubb Coolum Resort on the Sunshine Coast sold for $3m

Property management rights industry worth $9.4b

Rising real estate values and new developments have underpinned growth of the Queensland-dominated sector.

  • Larry Schlesinger
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Hailing shareholders: Lendlease’s outgoing chairman Michael Ullmer, left, CEO Tony Lombardo and incoming chairman John Gillam, right, at the start of the company’s AGM on Friday.

Lendlease avoids ‘second strike’ in crucial AGM showdown

The embattled company averted a vote on a potential board spill by convincing shareholders it was on the right track. Some want more evidence, however.

  • Updated
  • Michael Bleby and Campbell Kwan
The awarding of performance rights to Greg Goodman received a large protest vote.

Goodman suffers first strike against pay despite 75pc return

The industrial powerhouse suffered a 34 per cent protest vote against its remuneration report despite reporting “truly outstanding” FY24 results.

  • Larry Schlesinger and Campbell Kwan
On the edge: It’s cheaper and quicker to build detached homes on the urban periphery, but that does little to help longer-term affordability or sustainability.

Developers aren’t building apartments – and it’s getting worse

The mix of housing projects coming on stream in the next few years has changed. Apartment construction now looks weaker than even six months ago.

  • Michael Bleby
Office property, particularly in Sydney and Melbourne, could benefit from the coming boom in AI-related jobs.

AI job growth to fuel demand for 480,000sq m of office space: report

JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.

  • Michael Bleby
1 Shelley Street is an 11-storey premium office tower that was most recently the headquarters to Macquarie Group.

Refresh at former Macquarie HQ gives new life to Barangaroo

A run of leasing deals in Sydney’s Barangaroo precinct has revived its fortunes, after a series of top corporate tenants left the waterfront precinct.

  • Campbell Kwan
Confidence boost: the proposed redevelopment at Chatswood Chase on Sydney’s north shore.

Australia’s big shopping malls are back in black

Despite the cost of living pressures and the challenge of on-line shopping, retail rents are rising and so are mall valuations. There’s a reason for that.

  • Robert Harley

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.

  • Nick Lenaghan
HPI managing director John White is considering partnerships with other pub operators.

HPI in talks to buy six pubs as it defends against takeover bid

The group is considering co-investing in hotels alongside “top tier” operators.

  • Larry Schlesinger
Simonds executive chairman Rhett Simonds.

ASX-listed builder slammed over ‘no divvy’ in clash with rival

Simonds’ biggest external shareholder, NEX, lodged a protest vote at the group’s AGM, setting the scene for the rivals to compete head-to-head.

  • Michael Bleby
Lindfield station, located along Sydney’s north shore line, is among the 31 train stations earmarked for higher density housing.

5700 new homes can be built on Sydney’s north shore. Why aren’t they?

About 170,000 square metres of development land on Sydney’s north shore is on the market. But some developers are holding back.

  • Campbell Kwan
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HPI owns pubs like the Regatta Hotel in Brisabane.

EV chargers, fast food key to pub giant’s growth plan

Hotel Property Investments directors will tell shareholders about plans to install EV chargers to enhance earnings amid a takeover battle with Charter Hall.

  • Larry Schlesinger
Jamie Crookes.

Student caps threaten accommodation work, builder Richard Crookes says

The family-owned builder reported a deeper loss of $21 million and said the owners gave it a $30 million injection earlier this year.

  • Michael Bleby
The Georgia World Congress Center in Atlanta.

Why are cities still spending big on convention centres?

Companies are pulling back on spending on annual conferences, and fewer people are attending them.

  • Alexander Nazaryan
ISPT’s Core Fund has a number of significant office assets in the Melbourne CBD. Their valuations have fallen over the last year.

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.

  • Nick Lenaghan

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.

  • Nick Lenaghan

Original URL: https://www.afr.com/property/commercial