Today
- Opinion
- Property Observed
Back to the office momentum a win for sector
The impact of working from home on Australian office towers is stabilising, even as businesses and employees continue to wrestle with WFH.
- 31 mins ago
- Robert Harley
- Exclusive
- Industrial
CSR land sale to fuel Sydney’s Aerotropolis dream
Up for grabs is one of the largest tracts left in the fast emerging precinct that will be home to Sydney’s new airport.
- Nick Lenaghan
Yesterday
Return to office push a boon for landlords
The pendulum is now swinging strongly toward more workplace attendance, according to the country’s largest pure-play listed office landlord.
- Nick Lenaghan
Why you can have a pet – but no car – in build to rent
Good public transport access is key to Australian build-to-rent housing and car parks aren’t crucial. But that will change as the sector broadens.
- Michael Bleby
This Month
ISPT earmarks asset sales as it revamps $18b fund
Super fund investor ISPT chalked up heavy losses ahead of its merger with IFM Investors. It is moving to fix that, with an overhaul of its $18b flagship fund.
- Nick Lenaghan
This fund manager wants to spend billions on outdoor storage
Global investment manager Realterm is betting on a niche logistics property type to grow in demand as e-commerce expands.
- Campbell Kwan
Outback Wagyu powerhouse to test appetite for top-end farms
The Taylors Plains property, which has come to the market with a $75 million guide, will be the first big test of appetite for trophy livestock properties in 2025.
- Larry Schlesinger
January
Lendlease sells Capella financing unit for $235m
The Australian company’s deal with Japan’s Sojitz Corporation is the latest in a slew of businesses the activist target is selling.
- Michael Bleby
Investors offered 9pc yield after discount DJs store deal
South Africa’s Woolworths has sold the last asset standing after its costly foray into upmarket Australian retailing. It’s also an opportunity for investors.
- Nick Lenaghan
Private credit giant Metrics takes on housing project after loan sours
The non-bank lender has taken control of an APH site in eastern Melbourne for about $14 million under revised plans to turn it into a residential development.
- Campbell Kwan
Why this fund manager is ditching malls for private hospitals
RAM says private hospitals are good investments if you buy the right ones, and is selling malls and buying healthcare assets for its ASX-listed property fund.
- Larry Schlesinger
- Exclusive
- Hotels
A $150m hotel project that stress-tested the private credit boom
Merricks Capital, now part of Regal Partners, called in administrators when a Melbourne hotel developer defaulted on payments. The hotel has been built and sold.
- Nick Lenaghan
Hotels love that tennis now means ‘spoiling yourself’
Hoteliers have relished the boost from more tourists coming to the tennis this year because of the lower Aussie dollar.
- Campbell Kwan
What the Australian Open can teach Brisbane 2032
Like grand slam tennis, the biggest challenge the Olympics faces is to attract people who may not even care for the sports themselves. But that needs space.
- Michael Bleby
The financier, the developer and the stoush that threatens 1000 units
Bensons Property Group put itself into administration the day a fund managed by Macquarie Private Bank’s former head tipped it into receivership.
- Campbell Kwan
Scape draws investors to $6b student housing fund
Despite regulatory uncertainty over student numbers the sector is likely to keep growing, with a pipeline of 30,000 new beds over the next 5 years.
- Michael Bleby
Don’t say Trump, but return to office will pick up: property bosses
Heads of the country’s largest commercial landlords avoid commenting on the US president’s executive order. But they want workers back.
- Michael Bleby
World’s first stadium designed for women’s sports takes the field
The CPKC Stadium in Kansas gives one team a permanent base while providing inspiration for other women’s clubs in an increasingly expensive era of stadium development.
- Mark Byrnes
Self-storage player StoreLocal seeks growth partner; mandates Highbury
The deal comes as self-storage businesses prepare to put record-high financing costs in the rearview mirror.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Why co-working operators love the weak office market
US real estate firm Pembroke is opening its first co-working hub and others are expanding, tapping demand from tenants reticent to sign long-term leases.
- Larry Schlesinger
GreenFort Capital buys two Queensland land lease sites
The fund manager wants to balance its housing offering for downsizing over-50s with other sectors such as retirement and build-to-rent.
- Michael Bleby
- Exclusive
- Specialist investments
Private credit star Metrics is bringing cheap(er) wine to Rockpool
The founder of Metrics, one of the biggest non-bank lenders, has his hands full overhauling Rockpool – and defending the booming sector from its critics.
- Campbell Kwan and Primrose Riordan
Canberra’s London Circuit to get $650m mixed-use precinct
Capital Property, the development company of late Rich Lister Terry Snow, is about to shape the largest CBD site ever sold by the ACT government.
- Michael Bleby
Private empire behind property developer Bob Ell suffers profit slide
Leda Holdings has reported a near-halving in annual profit due to a higher cost of sales, according to newly filed accounts.
- Jenny Wiggins
Why a 1.4pc return is great news for the office market
Mirvac Wholesale Office Fund, which owns Quay Quarter Tower and the former AMP building, delivered positive returns for the final quarter of 2024.
- Campbell Kwan