This Month
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.
Spotlight’s new Anaconda will teach shoppers to fish
The privately owned large-format retail group will also offer tinnies moored to a life-sized jetty and a cold room for Queenslanders to try on puffer jackets.
Dexus forced to sell $830m stake in Macquarie Centre to super giants
The Supreme Court of NSW has rejected a last-minute bid from the ASX-listed landlord to stave off the transaction, having found it was required to sell.
Blackstone decides time is right to exit big Sydney mall
Blackstone is looking to check out of Sydney’s Top Ryde City, one of the last malls left in the $3 billion portfolio it once earmarked for a float or mega trade sale.
March
Sydney Fish Market posts losses but stays afloat
Concerns about the market’s solvency flared after it failed to lodge its 2024 accounts on time, and design complexities and costs rose at the new facility.
The $3m CBD winery opening in a building where AA meets
A heritage-listed former warehouse on Flinders Lane is home for the new Melbourne Winery. It makes for an unusual tenancy mix.
Property giant GPT seizes on Lendlease’s retail retreat
A Lendlease-run shopping centre fund, once one of the biggest in the country, will now be in charge of running just two malls.
Luxury slump hits shop openings across Europe’s fanciest streets
The slowdown in European luxury retail contrasts with a pickup in Australia’s two largest cities.
February
Westfield owner’s next big play is apartment towers
Shopping mall giant Scentre wants to obtain as many rezoning approvals as possible at its shopping centres to allow for high-rise apartments.
Vicinity’s bet that bigger is better brings higher in-store spending
The listed mall landlord reported that the leasing spreads for its premium centres are 320 basis points higher than its portfolio average.
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.
Machiavelli’s Toppi family fight over doyenne’s will
With intrigue befitting the family restaurant’s name, Sydney restaurateur Paola Toppi is accusing her brother of mismanagement.
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.
‘Follow the Bunnings’: Top tips for SMSF property investors
Industrial and retail properties are paying rental yields of anywhere between 5 per cent and 8 per cent.
ISPT earmarks asset sales as it revamps $18b fund
Super fund investor ISPT chalked up heavy losses ahead of its merger with IFM Investors. It is moving to fix that, with an overhaul of its $18b flagship fund.
January
Investors offered 9pc yield after discount DJs store deal
South Africa’s Woolworths has sold the last asset standing after its costly foray into upmarket Australian retailing. It’s also an opportunity for investors.
Why this fund manager is ditching malls for private hospitals
RAM says private hospitals are good investments if you buy the right ones, and is selling malls and buying healthcare assets for its ASX-listed property fund.
Citi upgrades shopping centre operator Scentre in recovering market
The investment bank has also flagged Goodman, National Storage, Ingenia, Stockland and GPT as stocks in for a better year.
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.