Yesterday
BlueScope’s ‘Sydney CBD-sized’ $10b industry hub plans approved
The steel giant’s proposed rezoning of a Port Kembla site has been given a green light. Development could bring 20,000 new jobs into the Illawarra region.
This Month
‘No secret’: How David Harrison grew Charter Hall from $500m to $90b
After two decades at helm, Charter Hall’s CEO says there’s no secret sauce. Basically, only invest in the sectors you’re an expert in.
Data centres planned in NSW alone will need enough power for 1m homes
The state wants to be a hub for computing infrastructure but is considering ways to make their developers pay for more of their massive energy needs.
November
Lendlease will sell down key $2.8b retail fund
It’s a blow for the property giant, which won a battle against super fund investor Hostplus last month to hold on to the fund management rights.
Developer Nigel Satterley aims for $1b a year commercial pipeline
The resurgence of retail property values and hunt for long-term sources of capital value is driving a flurry of activity.
‘I’ve got a long-term contract’: Lendlease CEO Lombardo not leaving
The property and construction giant’s boss said succession talks were ongoing, and talent renewal was crucial. But he’s not leaving any time soon.
Lendlease buys TCorp stake to increase grasp on major real estate fund
The NSW government asset manager has sold out in a move that will rankle investors that have been pushing to oust the property giant as the vehicle’s manager.
Morgan Stanley, Frasers back into $500m warehouse deal
The deal highlights strong appetite from foreign players for position in Australia’s industrial market, where vacancy rates are around 3 per cent in some capitals.
October
Investors hand Lendlease a win over $2.8b malls fund
Superannuation giant Hostplus’ bid to dislodge the real estate company from its flagship $10 billion property investing empire is running out of steam.
September
Public spending holds up more cranes in Melbourne than other cities
The construction sectors in Sydney and Brisbane are also buoyed by government funded projects. But the proportion in Victoria is so high it’s a risk to the sector.
How many data centres Australia needs and where they will go
Growing demand is creating competition in Australia’s two largest cities to host them. But each faces challenges that will shape what they can offer.
Listing of $520m logistics portfolio to tap renewed market interest
Arrow Capital Partners and Cerberus Capital Management are offloading six logistics sites NSW and Queensland acquired over the past five years.
$3b property group Centennial in capital partner search; hires CBRE
The group has tapped CBRE’s capital advisory team to find a long-term partner to come into the head management company.
The $10b battle set to reshape Aussie property just got messier
The three-cornered fight between Lendlease, Mirvac and super giant Hostplus has gone to another level. This battle is about much more than money.
The next property crisis is coming. And it’s not just about housing
The supply shortages across retail, office and industrial property are good for investors, but will ultimately cost the economy.
Game for fund managers is now global, says Mirvac CEO
Campbell Hanan, who won a major fund mandate stoush three years ago says “disgruntled” investors are no longer accepting poor performance from their manager.
This $85b property veteran has three ‘high conviction’ bets this year
Falling interest rates are tempting investors back into property. But they’ll need to be picky this time around, as Charter Hall’s David Harrison explains.
AI to assess major projects, cut approval times in NSW
Major residential developments will benefit from artificial intelligence as soon as the end of 2025, promises planning minister Paul Scully.
August
Mitsubishi Estate buys half of Mirvac’s $2.3b Harbourside project
The Tokyo-listed company is a leading source of capital as Australia’s big four banks step back from commercial real estate lending.
‘Australia’s too small’. The $200b super fund’s global property quest
Within five years, the country’s third-largest industry super fund expects to hold more real estate overseas than it does in Australia