Yesterday
Dexus forced to sell $830m stake in Macquarie Centre to super giants
The Supreme Court of NSW has rejected a last-minute bid from the ASX-listed landlord to stave off the transaction, having found it was required to sell.
This Month
Blackstone decides time is right to exit big Sydney mall
Blackstone is looking to check out of Sydney’s Top Ryde City, one of the last malls left in the $3 billion portfolio it once earmarked for a float or mega trade sale.
Industrial property’s golden run comes to an end
The pandemic surge in demand has eased while supply is still ramping up, with rents falling as a result, a new report shows.
Looking for a safe haven in the trade wars? Come on in
Falling interest rates and a weak Australian dollar could make local real estate all the more attractive to foreign capital.
Lendlease faces $100m hit in Sydney land dispute
The setback at Figtree Hill comes as the ASX-listed developer, led by Tony Lombardo, presses ahead with a radical overhaul of its global business.
Sentinel takes Brisbane office property deals to Japan
The commercial real estate investor is seeking capital for the first time overseas in a change of pace for the Queensland company.
South African billionaire in $1.9b play for Abacus Storage King
The Kirsh-led consortium said the self-storage operator had delivered weak returns and had no pathway for growth since it was spun off two years ago.
Real estate now takes 1 in 5 Japanese deals – and it’s growing
At a time of global uncertainty, Australian real estate is finding its perfect match in Japanese investors seeking stable revenue and capital growth.
Chris Corrigan leads investors in $500m farm sale to Canadian fund
A venture backed by PSP Investments has bought out co-investors including the prominent businessman in the Kooba aggregation once part of ASX-listed Webster.
Mormons broaden horizons with $38m NSW farm deal
The acquisition is the latest expansion into Australian corporate agriculture by the investment arm of the Church of Jesus Christ of Latter-day Saints.
Vestey family puts ‘tariff-resistant’ winery on sale with $20m hopes
One of the UK’s wealthiest clans will exit a long-standing Australian investment portfolio – once it disposes of The Lane.
Di Pilla turns picky amid Healthscope purchase
The banker’s multiverse contains many shareholders, waiting to hear more about his bid for Healthscope.
Chinese e-commerce giant JD.com to buy $240m Brisbane logistics hub
The conglomerate’s proposed acquisition is the latest example of how foreign investors are jostling for position in Australia’s tight industrial market.
Big property deals jump as confidence returns
A key element in the deal-making is investor belief the bottom of the downward cycle – especially for office towers – is all but over.
Land lease giant GemLife tests appetite for IPO; tees up roadshow
GemLife is Australia’s largest privately owned land lease developer, owner and operator, with nearly 10,000 homes at 30-plus communities.
Sydney CBD car park that could reshape skyline hits the market
The carpark is surrounded by major projects owned by Merivale, Lendlease, Dexus, Mirvac and Milligan.
Crane index shows little sign of a building boom
While home-building activity picked up in one large city, the latest crane count paints the picture of a sluggish construction sector.
Lendlease lands Japanese investors for $1.5b London tower
Under pressure from investors, the company is in the thick of a wide-ranging overhaul of its business to reduce global exposures. The London deal is a boost.
Japan’s Daibiru picks up Sydney office tower in $600m deal
Major Japanese players are investing more in Australian real estate, commercial and residential.
March
House doubles in 2 years to $3.55m after cosmetic renovation
A five-bedroom Queenslander in northern Brisbane was a stand-out sale as buyers and sellers typically hold back until the outcome of a federal poll is known.
Sydney Fish Market posts losses but stays afloat
Concerns about the market’s solvency flared after it failed to lodge its 2024 accounts on time, and design complexities and costs rose at the new facility.
Tough times for orchards, vines send values plummeting
Capital values for orchards and vineyards plunged over 2024. In contrast, farmland used for grazing and annual crops has prospered, and the outlook is rosy.
Wealthy silk Allan Myers puts Western District run on the market
High-profile lawyer Allan Myers also runs an extensive agribusiness and investment platform, with much of its focus on Dunkeld where he was raised.
NZ fresh produce giant tempts Aussie agribusiness investors
The travails at T&G Global spell opportunity for Australia’s big players, which have been battling for larger slices of the sector.
$5m gold bullion twist in hunt for collapsed pub group’s millions
Former Virtical director Mark Toma told a court it wasn’t him who turned up in a Range Rover to buy bullion from a Martin Place gold merchant, as the pub group’s $100 million fake GST refund scandal erupted.