Today
‘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.
This Month
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.
Merricks tips more debt into Sydney ‘Halo’ tower amid default
The private credit provider remains supportive of the project with its loan top-up to get work moving at the site, while a non-Merricks lender has issued a default.
SQM issues warning on private credit after uptick in bad loans
One of the largest ratings agencies said it was concerned by “questionable” practices and a lack of transparency in the non-bank lending sector.
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.
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.
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.
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.
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.
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.
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.
Property group EG Funds’ venture arm backs start-up Avani
EG owns about 76 per cent of Avani’s ordinary equity.