This Month
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.
Architect Koichi Takada signed up for $100m Brisbane CBD project
Known for its upmarket residential projects, developer Graya has brought Takada and his signature style on board for its first foray into commercial property.
Lendlease, Charter Hall race for Sydney’s next big (office) thing
The proposed 72-storey tower would be one of the city’s tallest. Westpac is eyeing it for a potential HQ. Lendlease and Charter Hall are vying to build it.
Australia’s new tallest tower eyes foreign buyers for $45m penthouse
At almost 60 metres higher than Q1 Tower, the country’s existing tallest building, One Park Lane on the Gold Coast is an ambitious project.
Perth syndicator snaps up Salvation Army HQ in Melbourne
The fund manager is one of the busier players in the market, scooping up smaller commercial properties for its investors.
October
The Australian architect who pioneered green design in Singapore
Perth-born Richard Hassell moved to Singapore after graduating into a market that had no jobs. Today, his work has transformed the city.
Co-working spaces back with a vengeance in work-from-home era
The pandemic – and bad behaviour – put an end to the 2010s boom. Now the sector is staging a quiet comeback as businesses look for flexibility.
Lederer issues ultimatum to Elanor over ‘excessive’ fund fees
Billionaire Paul Lederer is heaping pressure on ASX-listed fund manager Elanor as the two sides battle for control of a $270 million commercial property fund.
Is this Melbourne’s unluckiest office building?
Developer Golden Age has finally completed a 28-level tower, two years later than expected and after suffering the collapse of two contractors building it.
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
News Corp looks to downsize Melbourne office footprint
The publishing and media company says it wants 5000 to 7000 square metres of floor space when its 8000-square-metre lease expires in two years’ time.
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.
Lendlease’s Singapore investments will double to $25b: Lombardo
The developer and funds manager talks up his Singapore business as he faces a fight that could strip away key Australian mandates.
Dexus tapped secretive spy firm in showdown with IFM Investors
The decision to bring in Hakluyt & Co came after IFM Investors convinced others in Australian Pacific Airports Corporation to go after its 27 per cent stake.
Developer plans $590m tower on site formerly owned by Bruce Mathieson
The national pick-up in housing development has boosted Sterling Global’s Collins Street project. But after one false start, it will have to reassure buyers.
Sydney’s 55-storey timber Halo tower back on track
The involvement of Cbus Property in the ambitious project secures the future for one of city’s most high-profile but challenged developments.
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.