Yesterday
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.