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Commercial property finance

Today

Metrics co-founder Andrew Lockhart. He has built one of the largest non-bank lenders in the country.

Financial planning giant abruptly tells advisers to sell Metrics funds

Count Financial said it would also launch a wide-ranging review of private credit to assess whether the returns were still work the risk after recent turmoil.

Yesterday

Calling all institutions: The CEFC wants to drum up capital for developments meeting EU-level emissions standards.

CEFC, $11b Goldman Sachs fund will invest in low-carbon developments

The federal government’s green bank says it’s leading other investors into more sustainable project investment.

This Month

Pencil thin: The Cox-designed tower has 28 levels and a net sellable area of 9788sq m.

Builder Roberts Co faces new threat from bond claims

While the contractor’s Victorian operations are only part of its business, developer claims against guarantees could tear a big hole in the parent company.

John Holland is taking losses on its construction contracts for Melbourne’s new Metro Tunnel and stations

Melbourne blowouts tip John Holland into $55.5m loss

The construction giant slid into the red from a profit of almost $100 million a year earlier due to “project delivery issues” and cost blowouts.

Patrick Prasad William is the co-founder of Rixon Capital, a private credit investor.

Private lender Rixon Capital courts investors for new fund

Rixon is said to be confident it can hit the $500 million mark in the next three to five years.

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Ben Madsen leaving a Centennial Park home.

The stressful life of Sydney’s left-of-field distressed debt broker

Ben Madsen has long had a low profile. Now he’s found himself the centre of unwanted attention, and is fighting for his home. Can he come back from the brink?

The growing problem facing Australia’s ‘broken’ housing market

Private credit has backed housing development as banks retreated, but new and smaller players are taking on projects that may never be finished, says a report.

Maury Tognarelli, Chief Executive Officer and Beau Titchkosky.

The Trump trade that matters most for property

What impact does the US president and yields on 10-year US bonds have on commercial property investment? Quite a lot, actually.

EG chief executive Adam Geha.

Property group EG Funds’ venture arm backs start-up Avani

EG owns about 76 per cent of Avani’s ordinary equity.

Twists and turns: Little-known funder Open Capital says it wants to fund the trouble Sth Bnk project in Melbourne.

Little-known funder eyes Australia’s biggest residential project

Sydney-based Open Capital says it’s in talks to fund the full $2 billion cost of the troubled Sth Bnk development. But its source of funds isn’t clear.

Tony Palmer is the CEO of BlackRock Motor Resort, Australia’s first ski village-style membership club for motoring enthusiasts, which has just signed a construction financing deal to build the club facilities on the site of the former Rhondda Colliery at Wakefield, Lake Macquarie.
Pic shows Tony onsite with one of his racing buggies ahead of a stakeholder event.

Want to join Australia’s first $24,000-a-year private car racing club?

Think ski village, but for people driving cars. Want to buy a villa, stay in a hotel or drop in for a coffee? You’ll be able to here.

Australian Community Media has sold the former Launceston printing site of The Examiner and The Advocate daily newspapers at 231 George Town Road in Launceston’s Rocherlea, for $3.5 million. 

Catalano’s ACM sells Launceston print site for $3.5 million

The decision to cease printing newspapers in northern Tasmania paved way for sale of the 5763-square-metre site.

Blackstone’s Steve Schwarzman is worth more than $US50 billion.

This CEO earned $1.6b last year, his deputy got almost $400m

Blackstone’s Steve Schwarzman took home about 11.5 per cent more than what he did in 2023 because of his $US916 million in dividends.

High rates and rising construction costs have exposed troubled loans in the private credit sector.

‘It’s the Wild West’: Why ASIC is worried about private credit

Private credit firms are scrambling to manage problem loans, as the regulator sets its sights on lax governance.

February

Financed by Qualitas: A render of Devitt Property Group’s Muse luxury apartment project at 409 St Kilda Road in Melbourne.

Australia is entering a housing ‘super cycle’, Qualitas says

The real estate fund manager says it has no shortage of capital to deploy as demand for housing surges, but construction labour shortages remain a hurdle.

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Paul Oppenheim.

Plenary’s $1b Abu Dhabi deal boosts its housing firepower

After the sale of a 49pc stake to a Middle Eastern sovereign wealth fund, the developer wants to tap an expected upswing in residential development.

Richard White and wife Zena Nasser.

WiseTech founder exits private property deals as board in crisis talks

Richard White has pulled out of three controversial property developments as WiseTech directors mull governance issues following more allegations of inappropriate behaviour.

The Sirius building in Sydney.

The line between private credit and private equity is blurring

Private credit giant Metrics has stepped up its disclosures on the exposures of its listed funds as rival managers call out risks in Australian lending.

Goodman Group boss Greg Goodman.

JPMorgan, MS and RBC strong out of the gate with monster Goodman deal

The Goodman raising, the ASX’s sixth-largest ever and the bourse’s largest real estate deal, was done unsounded and with no wall crossings.

Dexus takes heart from rate cut

Even before the Reserve Bank board delivered its first rate cut in four years, signs of a turnaround were already apparent in Dexus first half 2025 result.

Original URL: https://www.afr.com/topic/commercial-property-finance-hvv