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Office

Today

Cromwell has sold a 50pc stake in 475 Victoria Avenue, Chatswood

Cromwell Property sells Sydney office stake to exit $87m debt

Co-owner BlackRock has acquired the group’s stake in an A-grade Chatswood complex to now gain full control of the asset.

Yesterday

Mirvac investment head Richard Seddon with Daibiru Corp’s Takashi Tomoda.

Mirvac says Melbourne office market is stabilising

The Victorian capital will get just three new office towers between now and 2030. The landlord and investor says that will drive tenants to its new building.

This Month

Race for space spurs CBD office rebound

Green shoots are emerging most strongly in Sydney, where demand increased rents in the best buildings by 9.1 per cent in the past financial year.

There’s little evidence to suggest workers and bosses are seeing eye to eye on WFH.

WFH Mondays and half-empty offices are OK for office investors

Blind Freddy can see there are fewer people in offices. But, how does work from home impact property demand? This economist has an interesting takeaway.

June

Lou Weis, co owner of 124 Exhibition St oversaw the renovation of a tired 1971, 11 storey office tower in central Mlebourne.

How to spend $10m retrofitting a D-grade office building

Australia’s commercial property industry lacks the skills to upgrade its existing building stock for changing times, one office tower owner says.

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The Tzannes-designed 39 Martin Place office tower in central Sydney.

Sydney’s architecture ambitions on show as face of the city changes

The integration of office space with the new underground rail line creates a national template for the way Australian cities can work.

Cbus Property steps up as white knight for Sydney’s ‘Halo’ tower

The Sydney CBD site hosts an ambitious proposal for a 55-storey hybrid timber tower. But the plan brought with it considerable financial obligations.

Deeper investment pool: Mitsubishi Estate has sold down its 30 per cent stake in Sydney’s Salesforce Tower to a fund with smaller investors including Odakyu Australia.

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.

May

Peter and Lesley Boyle at their home in Balgownie.

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.

The Corporate Centre One building in Bundall, QLD.

Roberts’ RF Corval sells balance of GC Corporate Centre for $109m

Funds manager RF Corval, backed by Rich Lister Andrew Roberts, has sold the balance of the Gold Coast’s Corporate Centre precinct for $109 million.

Sydney CBD towers show first price gain in three years

While the March quarter gain is modest – just 0.7 per cent in capital value – it shows the big institutional buyers are back after a prolonged correction.

The $1.4b office tower deal Sydney is waiting for

A landmark deal in the heart of the CBD could signify the long-waited turnaround in the workplace market, battered by flexible work and high rates.

Almost there: Work has resumed on Golden Age’s office tower at 130 Little Collins Street, where work halted in March after builder Roberts Co VIC went into administration.

Construction restarts on $180m Melbourne tower after builder collapse

Golden Age Group’s project was one of four Roberts Co Vic projects that fell into limbo when it went into administration.

In play: City of Stirling is preparing a 10-hectare site on the Mitchell Freeway,. 8km from the Perth CBD, for development.

Perth’s biggest site in a decade could be $1b base for A-League team

Perth Glory club owner Ross Pelligra is talking to a city council about using the site for a planned $1 billion training facility and commercial development.

On hold: Civil infrastructure construction, coming off a boom period, is likely to slow.

Construction pins its turnaround hopes on defence spending boost

The slump across construction – with some key exceptions – will stay until the two largest states resume spending.

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April

Billionaire Harry Stamoulis sizes up Collins Street tower

Cash-up private players such as the Rich Lister Stamoulis family are bargain-hunting for deals in Melbourne’s soft office market.

‘Rebound is here’: Office funds post first positive return in 2 years

Signs of a recovery are emerging for the battered office sector where high interest rates and the popularity of hybrid work have dragged down valuations.

A render of the Harry Seidler-designed Hilton Brisbane building at 190 Elizabeth Street building in the CBD, which will reopen in July as an Intercontinental Hotel and will then undertake an extensive two-year refurbishment. 

ISPT to plug a gap with Brisbane’s first Intercontinental hotel

The super fund-backed developer and fund manager is pairing with operator IHG for the first part of its 1ha transformation of central Brisbane.

Big property deals jump as confidence returns

A key element in the deal-making is investor belief the bottom of the downward cycle – especially for office towers – is all but over.

109 Pitt St

Sydney CBD car park that could reshape skyline hits the market

The carpark is surrounded by major projects owned by Merivale, Lendlease, Dexus, Mirvac and Milligan.

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