March
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?
February
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.
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 co-working operators love the weak office market
US real estate firm Pembroke is opening its first co-working hub and others are expanding, tapping demand from tenants reticent to sign long-term leases.
Top restaurant groups expand as diners feast on hot new venues
While many are doing it tough, some of the country’s top hospitality operators are expanding as people seek out novel culinary experiences.
November 2024
Industrial boom nearing an end as rental growth stalls, vacancies rise
New research suggests the e-commerce-led surge that turned the humble shed into the hottest commercial real estate asset is over.
October 2024
No trains or passengers yet, but Melbourne’s new Metro Rail has shops
Passengers travelling through the twin 9-kilometre tunnels, opening next year, will create a whole new market of shoppers for retailers.
August 2024
Investing in property for yield has never looked so unattractive
Rather than dealing a fatal blow by ending negative gearing on property, governments are bringing about death by a thousand cuts.
Chadstone owner Vicinity beats guidance as occupancy rates rise
The mall landlord reported operating earnings of 14.6¢ per security after saying in February that it would hit the top end of its guidance of 14.5¢.
DWS sells Brisbane CBD office for $24m less than it paid for it
The property fund manager’s acquisition of 120 Edward Street is yet another sign that office values have dropped at least 20 per cent due to WFH headwinds.
July 2024
Record leasing, higher rents lift earnings at Centuria industrial fund
Centuria Industrial REIT leased more than 20pc of its portfolio over FY24 and generated average increases of 43 per cent as rents were reset to market rates.
Leica backs Melbourne CBD revival with world’s biggest store
The famed German camera maker has transformed an entire building in the Melbourne CBD into a retail hub that includes an art gallery.
Rivers of gold from Surfers Paradise towers flow to ex-Evergrande exec
A local real estate developer with extensive links to the collapsed Chinese property giant says it has more than $500 million in unsold units on the Gold Coast.
Quintessential’s $250m Brisbane office deal confirms valuation slump
Quintessential’s $250m purchase of 240 Queen Street in Brisbane from Brookfield crystallises a 17pc fall in the tower’s value from its peak.
June 2024
ISPT to raise $250m for big push into small malls
ISPT head of funds management Matthew Brown says recent transactions have given the platform confidence that values are near the bottom of the cycle.
May 2024
Former analyst pays $48m for Brisbane office tower
Jacob Fong has taken a deep dive into the Brisbane office market and uncovered good buying opportunities in the city’s Midtown precinct.
Coles property boss says building woes could force up grocery prices
Coles property boss Fiona Mackenzie says not being able to deliver new supermarkets as planned could force up the prices of grocery items.
Fund manager busy buying assets in a struggling office market
Brisbane-based Exceed Capital has snared its second office building in nine months and is now circling bigger CBD assets
UBS bets on co-working and bowling to fix troubled Melbourne mall
UBS has secured two big tenancies for St Collins Lane, an arcade in the Melbourne CBD that has been one of the city’s worst performing malls for years.
Why Michael Hill chose Chadstone to sell $1m diamond earrings
Michael Hill’s global flagship store will open in Melbourne’s biggest mall Chadstone, and will include a $1m pair of yellow diamond drop earrings.