Today
This $2.5b shopping mall deal could help solve the housing crisis
By selling a stake in one of its Brisbane malls, Westfield owner Scentre Group can create growth options from its 650 hectare land bank. One problem stands out.
Yesterday
Hostplus’ $10b property bomb is a warning for all Australian investors
Lendlease and Mirvac’s battle for three funds is about more than $10.5 billion in assets. It’s about who gets to invest the whopper retirement savings pool.
Luxury developer behind Sirius rebuild collapses with unpaid millions
It is the latest among at least four companies run by former Macquarie banker Jean-Dominique Huynh that has collapsed or gone into receivership in 12 months.
Aware Super’s $1b plan for serviced apartments in Europe
The fund has taken majority control of an “aparthotel” operator, continuing a push into global real estate.
This Month
Goldman Sachs adds MD to real estate ranks
Samuel Green will rejoin the Wall Street bank, based in Sydney, as a managing director after an eight-year interlude.
Too many boats, not enough berths. Why marinas are hot property
Yachting might be a luxury for some, but marinas are proving a defensive investment for others as demand for berths outstrips supply.
Developer eyes $80m Bondi site for luxury apartments
A series of shopfronts banded together to become Bondi Beach’s largest development site, selling for $80 million.
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.
Alceon follows wealthy downsizers to Coolangatta with $142m retail buy
The investment manager plans to reposition the 32,000-square-metre shopping centre to match the southern Gold Coast’s changing demographic.
Student accommodation giant UniLodge on the block, UBS schools buyers
UBS has hit the ground running, reaching out to a handful of parties for the first round of the auction.
CapitaLand’s Wingate signs marquee hire from Goldman Sachs
Manas has been tasked with helping drive the Asian real estate manager’s foray into private credit, as it enters an accelerated growth phase.
Turnaround story for motels, hospitality’s Cinderella asset
The industry is booming off the back of a resurgence in domestic travel during the pandemic, with institutions and small investors pouring into the space.
Everyone wants to be a fund manager. But can they?
Lendlease boss Tony Lombardo must rescue a business he dearly wants to keep.
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.
Lord Roberts and Newtown pub switch owners in unusual $20m deal
Universal has swapped the leasehold of one inner-city Sydney pub with publican Sue Cameron and acquired the freehold of another venue from her.
Forget uni hovels, students want a hotel-style ice bath and sauna
A $132 million high-end student housing development in Sydney is tapping global demand with yoga facilities and a rooftop infinity pool.
Mandala Hotels adds Brisbane hinterland resort to $250m portfolio
Regional hotel provider Mandala Hotels and Resorts has acquired a Brisbane hinterland resort with renovation plans that will nearly double its room rates.
Abacus Storage King opens its books after $2.17b takeover offer
A consortium led by southern African billionaire Nathan Kirsh has increased a bid first lobbed in April, and will have six weeks to conduct due diligence.
Race for space spurs CBD office rebound
Green shoots are emerging most strongly in Sydney, where demand increased rents in the best buildings by 9.1 per cent in the past financial year.
WFH Mondays and half-empty offices are OK for office investors
Blind Freddy can see there are fewer people in offices. But, how does work from home impact property demand? This economist has an interesting takeaway.