Yesterday
Salesforce tower deal struck as Japanese rush for real estate
Corporate Japanese investment in property, which retreated after the 1980s, is back – but it has a new form as investors take a long-term view.
This Month
CoStar considers Domain rebrand after buying Homes.com.au
The American real estate giant’s chief executive, Andy Florance, says the purchase of the domain name will give him “optionality” in the future.
Co-working hub morphs into wellness centre for members
Busy co-working operator The Commons is opening new facilities that cater to Australia’s fast-growing interest in luxury health and wellness.
Lendlease, Mirvac and Hemmes in box seat for Sydney Metro project
A Brookfield consortium had dropped out of the race to develop one of Sydney’s most highly sought developments, above the new Hunter Street metro station.
Builder Watpac warns of supply chain risk from new US steel tariffs
The increased uncertainty from a choppier global environment comes at a tough time for Australian contractors, just as conditions are slowing at home.
‘The pub life’: How hotel barons keep it in the family
At three of Australia’s biggest family-run pub empires, the transfer to next generation is under way.
May
Kerry Stokes bought a Perth laneway. No one’s sure why
The billionaire has secured approval to close a public road bisecting his Perth office complex despite the concerns of independent experts.
This Sydney traffic junction sums up our city housing problem
Edgecliff, just east of Sydney’s CBD, shows the difficulty of councils and state governments trying to balance the demands of residents and growing populations.
Warehouses, build-to-rent work best for Rich Lister Tarascio family
The Tarascio family platform has delivered office space as well build-to-sell apartments, but such projects are just viable in the current market.
Sydney hotelier Oscars goes to Adelaide for $80m venues deal
Last year, Mario and Bill Gravanis’ Oscars Group bought Luna Park. Now it’s expanding to the SA capital for the first time with a three-venue deal.
How this couple earns $150,000 a year in passive income
Peter and Lesley Boyle invested in residential property to increase their wealth. Then they discovered something better.
Data centre delivery at full throttle for Goodman
The ramp-up comes as chief executive Greg Goodman warns that global trade uncertainty is causing big warehouse tenants to go slow on their decisions.
With data centres, Greg Goodman believes the harder the better
The Goodman Group CEO’s masterclass in capital flows and capital markets rolls on. He says the harder it is to build a data centre, the more valuable it is.
Sydney data centre ban ‘risks driving investment offshore’
The decision to prohibit new data centres at Macquarie Park is the latest flashpoint as governments and regulators try to manage the sector’s runaway growth.
How the fertiliser king of WA grew a $5b fortune with no one noticing
Vikas Rambal has quietly built a giant business empire in manufacturing, property and solar, and catapulted onto the Rich List.
Barrenjoey and the $5b property deal lurches towards defeat
Bankers were deployed to help convince Australian Turf Club members to sell Rosehill racecourse.
The property tax surcharge creating an opportunity for local investors
Two states, Victoria and Queensland, levy an extra tax on offshore buyers that is pushing them out of a key asset class, to the benefit of locals.
Big sovereign wealth funds eyed stakes in Melbourne Airport
Over a dozen international investors, including Singapore’s sovereign wealth fund, were interested in acquiring stakes, court documents reveal.
MA Financial closes funds deal in $2b malls play
The deal lifts MA Financial’s exposure to real estate just as the interest rates begin easing, typically a tailwind for the sector.
‘Stately’ Sydney pub sells for about $30m
The Agincourt Hotel in Sydney’s upcoming $3 billion tech precinct has sold for about $30 million, industry sources revealed.