This Month
Wealthy families to sell Sorrento’s ‘Conti’ hotel for $180m
The Continental stands at the gateway to some of Victoria’s most expensive real estate, including the clifftop mansion of Portsea owned by Rich Listers.
- Larry Schlesinger
Rich Lister Sam Arnaout caps year with mega Sydney pubs deal
The real estate magnate has bought Sydney’s Cabramatta Hotel and the El Cortez Hotel in a transaction worth more than $180 million.
- Nick Lenaghan
Can an ‘upmarket boarding house’ solve Sydney’s housing problem
Hotel Capital Partners is acquiring the former Quest Potts Point hotel and turning it into short-term rental housing to capitalise on inner-city housing shortages.
- Campbell Kwan
24 hours in Chadstone: a postcard from Melbourne’s shopping temple
I spent a night in the mega mall in the week before Christmas, and even a bloated Victorian budget couldn’t spoil the mood.
- Gus McCubbing
- Exclusive
- Shopping centres
Dexus’ own shopping centre fund vetoes $450m Melbourne mall purchase
The unusual situation has left one of the country’s largest real estate owners scrambling to find a way to finalise the acquisition of the Woodgrove mall.
- Campbell Kwan
Investor letters reveal private credit exposure to collapsed developer
APH Holding fell into administration last week, owing several lenders significant sums. Correspondence shows how short one lender, MaxCap, is on a project.
- Primrose Riordan
The $4b rebound in office tower trades in the heart of Sydney
A $600 million office tower in the heart of Sydney is on track to change hands, capping off a remarkable resurgence for the battered sector.
- Campbell Kwan
Major developer APH collapses, sending ripples through private credit
The Melbourne company had already put many of its projects on the market. Its biggest lender, MaxCap, says it expects to be repaid in full.
- Primrose Riordan
Macquarie buys into private credit provider IDA
The investment bank is tapping the demand for development funding in Australia’s chronically undersupplied housing market.
- Michael Bleby
Charter Hall clears first hurdle in fight to control big name pubs
The property giant and superannuation fund Hostplus have taken a majority stake in Hotel Property Investments during a drawn-out battle for control.
- Campbell Kwan
- Opinion
- Opinion
5 opportunities for commercial property investing in 2025
Sydney hotels, data centres and regional shopping centres are among the segments tipped to grow next year.
- Sam Tamblyn
Super boards, executives failing on unlisted asset valuations
The regulator demanded funds sharpen their review processes, warning it will not hesitate to take further action and may pursue individuals.
- Hannah Wootton
Popular Melbourne pub business collapses
Administrators are seeking buyers for businesses that operated The Carlton Club in the Melbourne CBD and the Windsor Castle Hotel in the inner suburbs.
- Larry Schlesinger
‘Instant gratification’ investors drive 14pc fall in data centre float
Investors have sold out of data centre landlord DigiCo after it failed to fire up following its much-hyped float on Friday, say brokers.
- Larry Schlesinger
David Di Pilla says US a ‘huge’ opportunity for data centre REIT
Speaking ahead of the float today of data centre trust DigiCo Infrastructure REIT, David Di Pilla says the much bigger US market is a natural extension of his ambitions.
- Updated
- Larry Schlesinger
A $240b infrastructure and property merger gets down to business
After 18 months of negotiations, IFM Investors and super fund property investor ISPT have joined forces to create a $240 billion investment giant.
- Nick Lenaghan
The mystery twist in Adgemis’ fight with Gazal
A long list of Sydneysiders and Melburnians would be keen for the details of the stoush.
- Max Mason and Primrose Riordan
New hands and old in $20m deal at Hugo’s Manly
Artemus Group has bought the Manly institution while also entering into a joint venture with Hugo’s Group to open more hospitality projects together.
- Campbell Kwan
- Opinion
- Property Observed
When will office tower values stop falling?
Investor sentiment about the battered office sector is turning. And, say some, there may even be some upside in 2025.
- Robert Harley
US giant Hines eyes $600m office tower deal in North Sydney
The mooted sale is at around a 25 per cent discount to the tower’s value when built just five years ago, a sign of how much the sector has been hammered.
- Nick Lenaghan and Campbell Kwan