This Month
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.
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.
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.
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
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.