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Commercial real estate

Yesterday

The new Sydney Fish Market is due to be up and running by the start of next year.

Sydney Fish Market posts losses but stays afloat

Concerns about the market’s solvency flared after it failed to lodge its 2024 accounts on time, and design complexities and costs rose at the new facility. 

NZ fresh produce giant tempts Aussie agribusiness investors

The travails at T&G Global spell opportunity for Australia’s big players, which have been battling for larger slices of the sector.

BDC could be the answer to Australia’s transparency problem in private credit.

Want to build trust in private credit? Look to New York

Private credit is now a $205 billion industry in Australia, but it has a transparency problem. There’s one possible solution.

This Month

Workers pulling out of Roberts Co’s Amazon warehouse site in Craigieburn, before the company went into administration on March 14.

Roberts Co owes Victorian tradies $50m

Creditors attending their first meeting heard there was still no agreement on how quickly work will resume on projects such as Amazon’s giant warehouse.

Restaurateur Eddie Muto inside the under-construction Melbourne Winery, at 247 Flinders Lane.

The $3m CBD winery opening in a building where AA meets

A heritage-listed former warehouse on Flinders Lane is home for the new Melbourne Winery. It makes for an unusual tenancy mix.

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PsiQuantum founders Jeremy O’Brien (left) and Terry Rudolph.

PsiQuantum targets $9.5b valuation, handing Labor a potential windfall

The Silicon Valley-headquartered quantum computing start-up is heavily backed by the federal and Queensland governments, and is raising about $1.2 billion.

Here’s a sector breakdown of Jim Chalmers’ budget.

Foreign investors banned: What else is in it for you

From a ban on foreign investors buying existing houses to pork-barrelling road projects in marginal electorates, here’s a sector breakdown of the budget.

Healthscope woes hurt investors after landlord pulls distribution

Rental breach notices issued to Healthscope have triggered a chain of events which have ultimately led to the operator saying it would put itself up for sale.

Elanor is trying to offload prized assets such as Cradle Mountain Lodge, which is partly owned by its listed fund, to get its business back on track and keep Challenger’s circa $3.5 billion mandate under its roof.

Pressure on Elanor as Challenger shops its $3.5b real estate mandate

Challenger is running a request for proposal process to canvass alternate managers, as its current manager Elanor remains in breach of debt covenants.

HMC Capital boss David Di Pilla.

Unpicking David Di Pilla’s HMC Capital is no easy feat

There’s little doubt the investment manager’s metrics and structure – from fund management charges to fees for acquiring assets – push the envelope.

Halo, the 55-storey tower proposed for the corner of Sydney’s Hunter and Pitt streets.

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.

Goodman’s $10b global data centre roll-out starts in LA

Renowned for its worldwide portfolio of warehouses, Goodman is taking advantage of that land bank in the race to serve a global surge in data use.

Still just a dream: No construction work has yet started on the Southbank, Melbourne site.

Tallest tower creditors vote for ‘shit sandwich’ proposal

Administrators of the entity managing the $2.7 billion project can now sell the project. But there’s another option for Beulah director Jiaheng Chan.

Coles coming: The 720 Bourke Street building, left, previously occupied by Medibank, will be the supermarket’s new HQ from 2027.

The office market’s dirty secret

In many cases, incentives offered to office tenants are so big they exceed the cost of the fitout. So why not just reduce the rent?

Super fund giant’s $2b caravan park play goes upmarket

G’day Group is a big player in camping and caravanning. Now it’s buying resorts in its grand ambition to be the go-to for regional holidays.

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Nick Andrianakos, pictured in Greece’s Nafplio, where he had been building a hotel.

Property billionaire Nick Andrianakos dies in Greece

He came to Australia in 1967 and spent a decade working in various jobs, including for Richard Pratt’s Visy, before saving enough to buy his first petrol station.

Sunshine Plaza (pictured) is one of the biggest malls in the Queensland. It underwent a $400 million-plus redevelopment

Property giant GPT seizes on Lendlease’s retail retreat

A Lendlease-run shopping centre fund, once one of the biggest in the country, will now be in charge of running just two malls.

US giant quits NT cattle station amid carbon confusion

Uncertainty and delays in the release of new rules for carbon projects spur Hartree, indirectly owned by US global funds giant Brookfield, to sell

Swiss outfit to exit $100m of Queensland cattle stations

The two sprawling stations are part of a substantial cattle and sheep empire put together over years by Swiss aviation dynamo Oskar J Schwenk.

A mirage? Australia’s tallest residential project will go ahead in the hands of a new owner, if it is completed at all, as developer Beulah is trying to sell it to pay its unpaid bills.

Beulah plans to sell Southbank site of its $2.7 billion skyscraper

The administrators of the Sth Bnk development has recommended creditors allow the site to be put on the market, with the proceeds to repay millions in debts.

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