This Month
Lenders warm to residential projects as boom looms
A renewed appetite for construction is leading banks to lower their pre-sale requirements for projects, a shift from their previous more conservative stance.
May
The Beach Hotel in Byron sells for $140m
Scott Didier and his family have purchased The Beach Hotel in Byron Bay for $140 million – the second-largest pub sale in Australia.
Failed property developer targets commuters with selective CV
It’s the latest in a series of desperate attempts by Iwan Sunito to rebuild his reputation.
Dexus wins Melbourne Airport reprieve, says co-investors overreacting
The asset manager will not have to sell its 27 per cent stake in the airport’s owner until the question of whether it breached confidentiality is examined.
Dexus’ Melbourne Airport stake at risk as co-investors cry foul
The $7.8 billion commercial property group could be forced to sell its prized stake in the airport, an asset held in Australian superannuation funds.
‘Invest like a billionaire’: Sunito’s cash dash to save Crown fortune
Crown Group co-founder Iwan Sunito is raising capital in his native Indonesia as his personal vehicle, which holds a substantial portion of his wealth, goes insolvent.
Looking for a safer bet ‘with upside’ during the Trump trade war?
The turmoil following “liberation day” sent global investors on a hunt for safe markets. Australian property may provide a welcome home.
A-League’s Western United rescued by US investor
US-based Maciek Kaminiski will help the club progress its plans for a multipurpose development, including a new stadium in western Melbourne’s Tarneit.
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.
April
Home games: a Socceroo, a subdivision and the unpaid super
A struggling plan to bankroll an A-League club with an ambitious residential development is emblematic of the financial challenges facing Australian soccer.
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.
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.
More than $700k sent to director’s wife in alleged $120m GST scam
The wife of one of the directors of collapsed pub empire Virtical told examinations she had no memory of the more than 20 transactions sent from the company.
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.
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.
The secret Ferrari fire sale while dozens are out of pocket
James Zhang lived large. Is he now about to sail off into the sunset?
March
Players in alleged $200m GST scam turn on each other in court
Each of the two former directors of pub-owning company Virtical say the other was responsible for invoices that could reveal the biggest GST tax fraud in Australia’s history if proven.
Yorkway Private raises $10m for One Investment to sweep away iProsperity
One Investment Group was tangled up in one of Australia’s biggest frauds. Now, former AMP chief executive Paul Batchelor’s Yorkway Private offers a way out.
ASIC demands answers from private credit as it beefs up surveillance
ASIC has given a select group of private credit funds until mid next month to explain how they value assets, manage conflicts and look after its investors’ interests.