Yesterday
Blackstone real estate operative jumps to Wentworth
Real estate debt strategies managing director Issa Chehab has left the US private capital giant after a decade.
The billionaire, his $80b gorilla mate and Storage King’s clean-up job
An offshore giant is trying to use structural issues at the No.2 self-storage player to get set in Australia. The local leader is pushing back. Who will win?
This Month
Construction pins its turnaround hopes on defence spending boost
The slump across construction – with some key exceptions – will stay until the two largest states resume spending.
Adgemis fights bankruptcy while holed up in a billionaire’s Bondi pad
The former KPMG dealmaker turned pub owner has lost a key court battle and is trying to stave off eviction from his family’s home in Sydney’s eastern suburbs.
A new $25k members’ club opens in Sydney
The Pillars aims to connect entrepreneurs and investors over ice baths, fancy dinners and all-hours parties on a hidden terrace.
April
Billionaire Harry Stamoulis sizes up Collins Street tower
Cash-up private players such as the Rich Lister Stamoulis family are bargain-hunting for deals in Melbourne’s soft office market.
Feros family swoops on Sydney’s Crystal Palace Hotel for $35m
The Feros family’s JDA Hotels has big plans for the faded but popular pub in Sydney’s Haymarket area.
Pressure builds for better offer in battle for Abacus Storage King
Rival operator has taken up a small stake in Abacus Storage, which could potentially block a proposed takeover or force a higher offer.
Investa eyes June to restart stalled Roberts Co housing project
Following the collapse of building contractor Roberts in Victoria, some clients want the Rich List former owner to help restart their projects.
Tycoon’s $1.9b takeover bid for Abacus Storage faces threat
National Storage REIT’s purchase of a small stake in its rival seems designed to thwart a takeover that could turn Abacus Storage into a bigger competitor.
Billionaire Tim Roberts falls behind on his bills
Perhaps the Multiplex heir was just surprised to get an invoice from a business other than Mineral Resources.
Cattle baron Sterling Buntine puts $20m central Qld run up for grabs
Buntine’s is a big name in northern Australia, with a portfolio that stretches from the Kimberley, across the Northern Territory to central Queensland.
Roberts will expand into residential builds: CEO Emma Shipley
The latest shake-up in Australian construction adds a new player to the building pool, but does little to reduce risks of the sector with razor-thin margins.
Roberts Co NSW to be acquired by UAE builder Arada
Owner Andrew Roberts, whose family started Multiplex, is likely to end a long association with construction when the deal is completed.
Commercial property group JLL shutters local debt advisory unit
Street Talk understands at least three staff have left the commercial real estate giant to “pursue new opportunities”.
‘Rebound is here’: Office funds post first positive return in 2 years
Signs of a recovery are emerging for the battered office sector where high interest rates and the popularity of hybrid work have dragged down valuations.
Warakirri snares $33m orchards deal from Hong Kong tycoon
With about $3.5 billion under management, the investment manager is among a busy group steering domestic and foreign capital into agriculture.
ISPT to plug a gap with Brisbane’s first Intercontinental hotel
The super fund-backed developer and fund manager is pairing with operator IHG for the first part of its 1ha transformation of central Brisbane.
This investor prefers hospitals to offices in $28m Hunters Hill buy
April Group has acquired Hunters Hill Private Hospital for $28 million on the basis it will deliver stable rents and rising land values.
Spotlight’s new Anaconda will teach shoppers to fish
The privately owned large-format retail group will also offer tinnies moored to a life-sized jetty and a cold room for Queenslanders to try on puffer jackets.
There’s a buying opportunity in commercial property, but it won’t last
Cashed-up commercial property investors that act fast can pick up assets at good prices.
Gold Coast developers ‘right-sizing’ projects amid construction crunch
MRCB International is focusing on a high-end 20-storey project which it says will be easier to get off the ground at a time when builders are harder to find.
New Forests’ agriculture arm launches $750m raising
Previously, the fund manager has landed mega deals on cropping and cattle properties backed by Canadian giant AIMCo. Now it’s throwing the net wider.
Prominent cropping and sheep farm up for grabs at $50m
On Western Australia’s favoured south coast, The Oaks is controlled by descendants of a famed British tea entrepreneur.