Yesterday
PE-backed student living developer Cedar Pacific hits fundraising trail
The Brisbane-based fund manager has hit the pavement to raise a $100 million-plus fund from wealthy families and investors.
This Month
Another week, another moment of reckoning for private credit funds
Three months ago, investors were cheering the stability of their investments amid a turbulent market. Now it’s clear that there’s a cost for that upside.
Regal-backed Merricks delays redemptions from $1.2b flagship fund
The private credit firm has told investors it cannot meet requests until at least December, but is promoting loans as a “particularly attractive opportunity”.
How to invest like a millionaire in commercial property – with $100k
As the investment shine comes off residential property, more people are turning to commercial real estate.
Property firms prepare for mandatory climate reporting
The nation’s biggest property companies have started preparing their climate-related financial disclosures in response to a new mandatory framework.
De Angelis family brawls over Sydney pubs empire
The De Angelis family is embroiled in a new legal civil war over control of their Sydney pub empire.
US tariffs turn Australia into commercial property haven
Foreign investors are funnelling capital into Australian commercial real estate, with falling interest rates also boosting deal volumes by 13 per cent.
June
Adgemis tries to dodge bankruptcy, appoints trustee to his assets
The former KPMG dealmaker took on significant debts to build a sprawling hospitality empire. Now he is being pursued for repayment by several businessmen.
Sydney’s Bathla juggles dozens of property projects and a $2.7b debt
The major real estate developer, once known as Universal Property, has borrowed from the country’s biggest private credit firms, and owes one $600 million.
Billionaire Lederer family go big in private credit as loans hit $200m
A decade after selling their Primo smallgoods empire to Brazil’s JBS, the family is building a new business and extending loans to property developers.
Getting ahead of the curve to pull building industry higher
The Green Building Council of Australia has won the Sustainability Leaders award for property and construction for its push to lift building standards.
Global property giant CBRE buys Burgess Rawson
The real estate firm has bought out local commercial agency Burgess Rawson’s east coast business, and will tap into its network of high-net-worth investors.
Pub directors facing tax scam allegations chased for $245m
Two alleged players in what may be one of the country’s biggest GST scams if proven face legal action alleging breaches of directors’ duties and insolvency laws.
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.