This Month
Merricks tips more debt into Sydney ‘Halo’ tower amid default
The private credit provider remains supportive of the project with its loan top-up to get work moving at the site, while a non-Merricks lender has issued a default.
The office market’s dirty secret
In many cases, incentives offered to office tenants are so big they exceed the cost of the fitout. So why not just reduce the rent?
CEFC, $11b Goldman Sachs fund will invest in low-carbon developments
The federal government’s green bank says it’s leading other investors into more sustainable project investment.
Administrators, developers comb through Roberts Co wreckage
The Victorian builder put into administration late on Friday had eight live projects and as many as 16 still in the warranty period, early indications show.
Beulah plans to sell Southbank site of its $2.7 billion skyscraper
The administrators of the Sth Bnk development has recommended creditors allow the site to be put on the market, with the proceeds to repay millions in debts.
101 Collins St owner buys billionaire’s site to save Yarra River views
The Tarascio family has sold a Melbourne CBD site where a luxury apartment proposal would have obstructed views from the city’s top tower and its tenants.
Send workers back to the office, urges lord mayor
Shoppers, diners and pedestrians throng the CBD, but not enough workers are checking into offices. That’s a problem for the city’s economy, says Nick Reece.
February
Australia is entering a housing ‘super cycle’, Qualitas says
The real estate fund manager says it has no shortage of capital to deploy as demand for housing surges, but construction labour shortages remain a hurdle.
The return to office gathers pace, except in Melbourne
Daily attendance rates are creeping steadily closer to pre-pandemic levels. And major employers are adding to the push with mandates.
At least 50 basis point cut needed to boost housing demand: Stockland
The diversified developer says new home buyer appetite picked up before Tuesday’s rate cut, but further monetary policy easing is crucial.
The tide is turning against WFH. Office property will be a winner
Like it or not, the return-to-workplace push is gaining momentum. It’s one of two big factors setting the stage for a revival in commercial real estate.
Lendlease counts on Baby Boomer demand for luxury apartments
CEO Tony Lombardo says the builder, developer and investor is looking firmly at downsizers, because interest rates don’t bother them.
Mirvac says middle ring housing demand is booming
The diversified developer, builder and landlord claimed a ‘solid’ result in a market that is still recovering.
Coles shifts HQ to CBD in chase for talent
The supermarket giant is leaving its suburban home of almost three decades. The new HQ is much better served by public transport, a benefit to more staff.
Sydney’s home of ASX sells for $250m as office vibe picks up
Office investment is picking up amid growing confidence the devaluation cycle is bottoming and workers are being told to spend more time in their workplaces.
Back to the office momentum a win for sector
The impact of working from home on Australian office towers is stabilising, even as businesses and employees continue to wrestle with WFH.
January
Don’t say Trump, but return to office will pick up: property bosses
Heads of the country’s largest commercial landlords avoid commenting on the US president’s executive order. But they want workers back.
Why a 1.4pc return is great news for the office market
Mirvac Wholesale Office Fund, which owns Quay Quarter Tower and the former AMP building, delivered positive returns for the final quarter of 2024.
Just 28pc of offices will meet major tenants’ climate needs
Government and blue-chip private sector tenants are pushing to move into green offices, but they are in short supply.
Metrics to call Martin Place home amid private credit boom
One of Australia’s largest non-bank lenders will swap a heritage-listed boutique office in North Sydney for a place in the Sydney CBD.