This Month
- 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
October
Melbourne CBD office vacancy touches 20pc
Melbourne’s landlords are offering hefty discounts on rent to win tenants in the city’s lacklustre office sector, even as other capitals show signs of improvement.
- Campbell Kwan
Alibaba’s Australian office changes hands for $30m
In the Melbourne CBD market hit hard by the pandemic, some office vendors hope high replacement costs make their existing buildings more attractive.
- Michael Bleby
August
Malaysian developer set to sell 50pc stake in Melbourne’s Shangri-La
Sources said the acquirer was a large unlisted credit fund and had put a compelling offer on the table that exceeded the initial sale price expectations.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Great opportunity in hotels, but build-to-rent a ‘catchy title’: Pridham
Andrew Pridham says early in the recovery cycle is when you want to be buying alternative assets like accommodation and pubs, but returns are too low in build-to-rent.
- Larry Schlesinger
Trail of pain behind Jon Adgemis’ PHG rescue deal with Deutsche Bank
A dangerous incident two years ago was a sign of things to come for the hospitality baron.
- Primrose Riordan and Sarah Thompson
April
Adgemis’ Bondi auction looms as Deutsche, Gemi try to muster a deal
Angas Securities said it had turned down two proposals from the bank, which is negotiating a $500 million refinance, and is trying to get its money back.
- Primrose Riordan and Max Mason
- Investigation
- Food & drink
Jon Adgemis’ high-wire act is coming unstuck
The former KPMG dealmaker burst onto the hospitality sector after buying up a string of venues. Huge debts and angry lenders are threatening to push it over.
- Primrose Riordan and Sarah Thompson
March
Victorian manufacturers warn land tax could send businesses interstate
And interstate treasurers, including Queensland’s Cameron Dick, are encouraging businesses to relocate from Melbourne.
- Gus McCubbing
July 2023
- Exclusive
- Commercial real estate
Monash Uni snaps up Telstra, CSIRO sites opposite Melbourne campuses
Monash University has bought a site opposite its Clayton campus from Telstra for about $30 million and acquired a CSIRO building next to its Parkville campus.
- Larry Schlesinger
June 2023
Why some investors are betting on C-grade buildings
Large landlords have been spruiking their shiny, new offices in the ‘flight to quality’. But what about C-grade buildings? Some investors are betting on them.
- Michael Bleby
December 2022
Vacancy rate to drive industrial rents higher in 2023
Super prime industrial rents in Sydney are expected to rise 11 per cent in 2023 after soaring 38 per cent this year, according to a new report from CBRE.
- Larry Schlesinger
October 2022
US investor looks to plug Melbourne’s record-low rental shortage
Greystar has acquired two new sites in Kensington and Fitzroy, boosting its build-to-rent (BTR) pipeline in the city to 2000 units across four projects.
- Michael Bleby
June 2022
More workers return to CBD offices, but only for a few days a week
It looks as if life in the office will never return to the old normal, with hybrid work practices well entrenched and employees having more power than ever.
- Martin Kelly
April 2022
Melbourne biomedical research hub gets green light
The state-of-the-art research building within the Melbourne Biomedical Precinct will focus on finding medical solutions for chronic illnesses.
- Larry Schlesinger
February 2022
Grollos put $170m price tag on state government office building
The sale of the Dandenong Government Services Office follows the Grollos selling a Footscray office building to Centuria last year for $224 million.
- Larry Schlesinger
Fortis buys two Melbourne sites for $108 million commercial projects
Fortis has snapped up two new sites on Melbourne’s city fringe for $26 million, to develop into premium office and retail assets worth $108 million.
- Nila Sweeney
December 2021
Developer to turn Melbourne CBD site into high-rise hotel
APH Holdings plans to build a 34-storey hotel on a site in the northern corner of the Melbourne CBD, as well as a healthcare offering across the road.
- Larry Schlesinger
November 2021
TE Capital near doubles money on CFA HQ building
The Singapore-based investment manager refurbished the three-level office building in Melbourne’s east and has sold it to super fund-backed ISPT.
- Michael Bleby
Cbus Property reshapes Melbourne tower with solar-generating facade
The pandemic has accelerated many of the changes already under way in office assets towards buildings that are healthier to work in and help tenants improve their emissions performance.
- Michael Bleby