This Month
Why this fundie thinks inner-city offices are a hot play
Forza Capital has acquired a Darlinghurst office building in inner-city Sydney, its third such investment in the sector this year.
- Campbell Kwan
Former UBS real estate operative pops up at rival bank
Street Talk understands the investment bank has drafted in ex-UBS veteran and head of real estate sales and execution Tim Leahy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Commercial property finance
Commonwealth Bank takes control of Jon Adgemis’ yacht
The boat was built in 1974 in Italy and was advertised for sale in 2010 with a price tag of $2.85 million.
- Primrose Riordan and Sarah Thompson
Lendlease avoids ‘second strike’ in crucial AGM showdown
The embattled company averted a vote on a potential board spill by convincing shareholders it was on the right track. Some want more evidence, however.
- Updated
- Michael Bleby and Campbell Kwan
Developers aren’t building apartments – and it’s getting worse
The mix of housing projects coming on stream in the next few years has changed. Apartment construction now looks weaker than even six months ago.
- Michael Bleby
AI job growth to fuel demand for 480,000sq m of office space: report
JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.
- Michael Bleby
- Exclusive
- Office
Refresh at former Macquarie HQ gives new life to Barangaroo
A run of leasing deals in Sydney’s Barangaroo precinct has revived its fortunes, after a series of top corporate tenants left the waterfront precinct.
- Campbell Kwan
Student caps threaten accommodation work, builder Richard Crookes says
The family-owned builder reported a deeper loss of $21 million and said the owners gave it a $30 million injection earlier this year.
- Michael Bleby
Trust Los Angeles to have a crazy entertainment venue like Level 8
Once you navigate the hidden doors, it’s easy to hop from a pool deck to a Japanese restaurant to an oyster-champagne bar to a speakeasy … and more.
- Tony Davis
- Opinion
- Chanticleer
The cycle that helps Goodman employees out-earn Macquarie by 2.3 times
Should the tide ever turn on logistics parks, data centres and Goodman Group’s incredible business, perhaps investors will wonder whether they cut it too much slack.
- Anthony Macdonald
Why are cities still spending big on convention centres?
Companies are pulling back on spending on annual conferences, and fewer people are attending them.
- Alexander Nazaryan
- Exclusive
- Superannuation
Big industry super property fund plunges to $1.5b loss on write-downs
ISPT, backed by AustralianSuper and other big funds, has written down the value of assets in its flagship vehicle as it prepares to merge into IFM Investors.
- Nick Lenaghan
Nuclear ban holds Australia back from data centre opportunity
Craig Scroggie says without a ‘logical conversation’ on nuclear, Australia may miss an opportunity to grab an outsized chunk of the booming data centre industry.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Di Pilla’s bolt from the blue snatches biggest IPO of the year
Six months ago, no one saw this float coming. But at $1.65 billion, it is the largest raising for a new Australian company since 2018.
- Anthony Macdonald
Why property developers are giving up on bank loans
Nearly three-quarters of developers are using private credit debt to fund their projects, ensuring that more housing gets built, a survey has found.
- Updated
- Larry Schlesinger and Campbell Kwan
UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus
The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.
- Campbell Kwan
- Exclusive
- Courts
ATO cut a deal with developer accused of fraud. But the money vanished
The uncle of Real Housewives of Sydney star Nicole O’Neil struck a deal with the Tax Office to pay millions in bills and penalties. When the ATO went to get the money, it was gone.
- Max Mason
- Exclusive
- Property development
Melbourne CBD’s biggest development deal in five years is a car park
Malaysian giant Sime Darby has paid $115 million to acquire a car park that it intends to turn into a major development.
- Campbell Kwan and Larry Schlesinger
The property giant that will soon build more data centres than sheds
The launch of a number big turnkey data centre projects next year – including in Sydney and Paris – will ramp up the value of Goodman’s global workbook.
- Larry Schlesinger
Industrial boom nearing an end as rental growth stalls, vacancies rise
New research suggests the e-commerce-led surge that turned the humble shed into the hottest commercial real estate asset is over.
- Larry Schlesinger