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Commercial real estate

This Month

The hotel is operated by IHG under its luxury Intercontinental brand.

Wealthy families to sell Sorrento’s ‘Conti’ hotel for $180m

The Continental stands at the gateway to some of Victoria’s most expensive real estate, including the clifftop mansion of Portsea owned by Rich Listers.

  • Larry Schlesinger

Rich Lister Sam Arnaout caps year with mega Sydney pubs deal

The real estate magnate has bought Sydney’s Cabramatta Hotel and the El Cortez Hotel in a transaction worth more than $180 million.

  • Nick Lenaghan
Simonelle Mody is a 25-year old finance professional living in a UKO co-living space in Paddington.

Can an ‘upmarket boarding house’ solve Sydney’s housing problem

Hotel Capital Partners is acquiring the former Quest Potts Point hotel and turning it into short-term rental housing to capitalise on inner-city housing shortages.

  • Campbell Kwan
Chadstone Shopping Centre is a world unto itself.

24 hours in Chadstone: a postcard from Melbourne’s shopping temple

I spent a night in the mega mall in the week before Christmas, and even a bloated Victorian budget couldn’t spoil the mood.

  • Gus McCubbing
Woodgrove shopping centre was set to sell for $450 million, until the deal fell over due to a last-minute block by the board of a Dexus-run fund.

Dexus’ own shopping centre fund vetoes $450m Melbourne mall purchase

The unusual situation has left one of the country’s largest real estate owners scrambling to find a way to finalise the acquisition of the Woodgrove mall.

  • Campbell Kwan
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The Wellington Health precinct being developed by APH and financed by MaxCap.

Investor letters reveal private credit exposure to collapsed developer

APH Holding fell into administration last week, owing several lenders significant sums. Correspondence shows how short one lender, MaxCap, is on a project.

  • Primrose Riordan
135 King Street is a 29-storey office that is adjacent to Pitt Street Mall.

The $4b rebound in office tower trades in the heart of Sydney

A $600 million office tower in the heart of Sydney is on track to change hands, capping off a remarkable resurgence for the battered sector.

  • Campbell Kwan
APH Holding’s flagship project is a health precinct in Box Hill, financed through a loan provided by non-bank lender MaxCap.

Major developer APH collapses, sending ripples through private credit

The Melbourne company had already put many of its projects on the market. Its biggest lender, MaxCap, says it expects to be repaid in full.

  • Primrose Riordan
Now non-bank lending with Macquarie: Private credit and investment manager IDA has invested in Esprit de Vie’s retirement living project at Mermaid Waters in Gold Coast. 

Macquarie buys into private credit provider IDA

The investment bank is tapping the demand for development funding in Australia’s chronically undersupplied housing market.

  • Michael Bleby
HPI owns 62 venues, mostly leased to Australian Venue Co or a joint venture between AVC and Coles.

Charter Hall clears first hurdle in fight to control big name pubs

The property giant and superannuation fund Hostplus have taken a majority stake in Hotel Property Investments during a drawn-out battle for control.

  • Campbell Kwan
There’s not a lot of new supply coming on in Sydney, so occupancy rates and room rates will keep rising.

5 opportunities for commercial property investing in 2025

Sydney hotels, data centres and regional shopping centres are among the segments tipped to grow next year.

  • Sam Tamblyn
Office towers are plummeting in value, but APRA says super funds are falling short on repricing their assets.

Super boards, executives failing on unlisted asset valuations

The regulator demanded funds sharpen their review processes, warning it will not hesitate to take further action and may pursue individuals.

  • Hannah Wootton
The Windsor Castle Hotel is one of two pubs owned by Tracey Lester.

Popular Melbourne pub business collapses

Administrators are seeking buyers for businesses that operated The Carlton Club in the Melbourne CBD and the Windsor Castle Hotel in the inner suburbs.

  • Larry Schlesinger
David Di Pilla at the bell-ringing ceremony for the float of DigiCo REIT.

‘Instant gratification’ investors drive 14pc fall in data centre float

Investors have sold out of data centre landlord DigiCo after it failed to fire up following its much-hyped float on Friday, say brokers.

  • Larry Schlesinger
David Di Pilla at the ASX just before trading in DigiCo REIT kicked off.

David Di Pilla says US a ‘huge’ opportunity for data centre REIT

Speaking ahead of the float today of data centre trust DigiCo Infrastructure REIT, David Di Pilla says the much bigger US market is a natural extension of his ambitions.

  • Updated
  • Larry Schlesinger
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The Melbourne’s GPO is among teh assets in ISPT’s flagship fund.

A $240b infrastructure and property merger gets down to business

After 18 months of negotiations, IFM Investors and super fund property investor ISPT have joined forces to create a $240 billion investment giant.

  • Nick Lenaghan
Jon Adgemis has been under pressure to refinance his pub empire.

The mystery twist in Adgemis’ fight with Gazal

A long list of Sydneysiders and Melburnians would be keen for the details of the stoush.

  • Max Mason and Primrose Riordan
Hugo’s Group has sold its restaurant Hugo’s Manly for $20 million.

New hands and old in $20m deal at Hugo’s Manly

Artemus Group has bought the Manly institution while also entering into a joint venture with Hugo’s Group to open more hospitality projects together.

  • Campbell Kwan

When will office tower values stop falling?

Investor sentiment about the battered office sector is turning. And, say some, there may even be some upside in 2025.

  • Robert Harley

US giant Hines eyes $600m office tower deal in North Sydney

The mooted sale is at around a 25 per cent discount to the tower’s value when built just five years ago, a sign of how much the sector has been hammered.

  • Nick Lenaghan and Campbell Kwan

Original URL: https://www.afr.com/topic/commercial-real-estate-5vu