Today
Home builder AVJennings accepts $365m takeover bid
A takeover battle for the builder erupted between a US bidder and a Singaporean player. Local builders face tough conditions, but their land banks are appealing.
March
John Aloisi’s soccer team plays on despite ATO audit
The Tax Office has been revealed as the applicant trying to wind up the parent companies of Australia’s highest ranked A-League club Western United.
Largest builder in NSW seeks land-banking clarity
Newcastle-based NEX Building Group is concerned about a ‘sting in the tail’ of this week’s budget announcement.
Melbourne’s Southbank to get $1.5b high-rise with nearly 500 apartments
Developer PDG has moved swiftly to formulate plans after picking up a prized site on Melbourne’s Southbank from US giant Blackstone, the owner of Crown Resorts.
Builders line up for $7.1b Brisbane Olympic spree
The runway to develop infrastructure for the world’s biggest sporting tournament has shrunk to just seven years, so work has to begin soon.
Tallest tower creditors vote for ‘shit sandwich’ proposal
Administrators of the entity managing the $2.7 billion project can now sell the project. But there’s another option for Beulah director Jiaheng Chan.
Inside Macquarie’s $237m punt on the east London riverside
It has taken four years, but the wealth giant’s British build-to-rent vehicle Goodstone Living seems to be finding its feet – on the site of a famous former Ford factory.
Barossa Valley wine mecca to get its first luxury hotel
Operator IHG has teamed up with developer Strategic Alliance to develop the 150-room InterContinental Barossa Resort & Spa.
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.
Productivity problem empowers populist right
We had better get our act together in Australia or we may court the kind of poisonous politics wreaking havoc in the United States and across Europe.
New homes to fall 400,000 short of national target: report
The production of both greenfield homes and apartments is well below average. The supply of new dwellings is forecast to fall 11 per cent this year.
Builder Roberts Co faces new threat from bond claims
While the contractor’s Victorian operations are only part of its business, developer claims against guarantees could tear a big hole in the parent company.
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.
An Aussie developer, a US theatre and the lenders chasing millions
Caydon founder Joe Russo is accused of self-dealings and negligence by not disclosing the red flags of a run-down Californian theatre.
The growing problem facing Australia’s ‘broken’ housing market
Private credit has backed housing development as banks retreated, but new and smaller players are taking on projects that may never be finished, says a report.
Catalano’s property drama spills into Byron Bay altercation
Police were called to the altercation outside Raes Hotel on Wategos Beach.
Student bed pipeline jumps 19pc in six months
Momentum is picking up in the purpose-built student accommodation sector after a couple of quiet years.
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.
Little-known funder eyes Australia’s biggest residential project
Sydney-based Open Capital says it’s in talks to fund the full $2 billion cost of the troubled Sth Bnk development. But its source of funds isn’t clear.