This Month
Gold Coast developers ‘right-sizing’ projects amid construction crunch
MRCB International is focusing on a high-end 20-storey project which it says will be easier to get off the ground at a time when builders are harder to find.
Sentinel takes Brisbane office property deals to Japan
The commercial real estate investor is seeking capital for the first time overseas in a change of pace for the Queensland company.
Real estate now takes 1 in 5 Japanese deals – and it’s growing
At a time of global uncertainty, Australian real estate is finding its perfect match in Japanese investors seeking stable revenue and capital growth.
March
He promised big returns. Then millions of dollars disappeared
Paul Giezekamp promised to deliver a fortune developing land into townhouses. Instead, liquidators allege he spent the money on “personal expenditure”.
December 2024
Gerry Harvey reveals his biggest problem with property development
The retail billionaire and sideline property investor says costs will keep rising, and that’s bad for projects – as well as for the people who work on them.
Macquarie buys into private credit provider IDA
The investment bank is tapping the demand for development funding in Australia’s chronically undersupplied housing market.
New tax laws no silver bullet for build-to-rent, NAB warns
Last week’s legislation halving the tax rate for foreign investors is a good start, but rival Macquarie agrees other factors also drag on projects.
October 2024
Banking regulator rejects calls to cut home loan interest rate buffer
APRA chairman John Lonsdale has hit back at the Australian Banking Association at a parliamentary hearing on Friday.
August 2024
The faces behind Sydney’s new $10m members’ club
For $20,000 a year, members of Australia’s new tech and funding community club can take an ice bath, or breastfeed, in a space of their own.
It was a hot real estate trade. Now investors are worried
For individual investors, the chance to invest with Wall Street’s elite was too good to pass up. It’s not looking so good for them now.
Overdue loans swamp private credit giant lending to Sydney’s wealthy
The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.
How Scape saved $8m by shaking off private credit
The student housing operator’s refinancing push has found ample support from global banks looking for alternatives to office property exposures.
July 2024
Overhaul for Adgemis’ Public Hospitality Group after refinancing
The Jon Adgemis-chaired pubs empire has completed its refinancing with Deutsche Bank, with the former KPMG dealmaker to focus on redeveloping its pubs.
May 2024
How South Korea’s giant pension funds fell prey to $395m NDIS housing scam
The elaborate fraud succeeded by making grand claims, name-dropping Australia’s biggest property players, and was only discovered by chance.
Man behind $395m NDIS investment fraud gets 12 years in prison
The verdict brings to an end a criminal matter in which the former property developer used fake documentation to secure financing from Korean pension funds.
April 2024
Bankers try on a new alternative asset class – surfing
The risk is high, but Urbnsurf – now backed by Nomura and a special situations lender – is trying to prove wave parks can be serious business.
Scape closes third joint venture with $1b student housing fund
The private developer of purpose-built student accommodation has paired again with funding partners APG and Ivanhoe Cambridge to develop 3000 new rooms.
March 2024
Cushman & Wakefield taps Noral Wild to lead, deepens alternatives push
The commercial agency’s appointment of a new CEO for Australia and New Zealand signals the trends in commercial property it is aiming to tap.
First tender surge for Housing Future funds
Public housing waiting lists make it crucial to expand funding beyond an initially planned 8000 homes, investors say.
Debt-laden Adgemis mortgages mum’s and grandmother’s homes
The ex-KPMG dealmaker has denied the loans are related to the hospitality empire he is hoping to refinance.