This Month
‘Pretty hectic’: Local malls rival world’s priciest retail strips
Australia’s most expensive main street retail strip is Pitt Street Mall. It’s also the eight most expensive in the world. Melbourne and Brisbane malls rate too.
Lendlease will sell down key $2.8b retail fund
It’s a blow for the property giant, which won a battle against super fund investor Hostplus last month to hold on to the fund management rights.
Two Aussie Fast Starters are using US ideas to modernise home building
Victoria-based Buildlab and Queensland’s Avia Homes have found a competitive advantage in home building that is driving their revenue sky-high.
‘I’ve got a long-term contract’: Lendlease CEO Lombardo not leaving
The property and construction giant’s boss said succession talks were ongoing, and talent renewal was crucial. But he’s not leaving any time soon.
Hong Kong investor offers $1.5b for malls in Lendlease fund
The $21.3 billion Link REIT has made an opportunistic bid for three assets Lendlease owns in the retail fund it manages.
Architect Koichi Takada signed up for $100m Brisbane CBD project
Known for its upmarket residential projects, developer Graya has brought Takada and his signature style on board for its first foray into commercial property.
October
CBRE dispute descends into allegations of dead rabbits, sex quizzes
An argument between two senior agents at the realty giant spiralled into bizarre claims and an internal review, according to filings in the Federal Court.
A Chadstone-sized problem in supply of new retail space
The development of new space is projected to plunge by 72 per cent over the next five years even as top global brands compete for prime CBD positions.
Lendlease to sell $900m shopping mall from embattled fund
The sale to Melbourne syndicator Fawkner Property comes as Lendlease’s funds management arm awaits what is expected to be a large queue of redemption requests.
MA Financial locks in $525m Top Ryde mall deal
The mega-deal comes amid a return of investor interest in shopping centres after the sector suffered during the pandemic lockdowns.
Investors hand Lendlease a win over $2.8b malls fund
Superannuation giant Hostplus’ bid to dislodge the real estate company from its flagship $10 billion property investing empire is running out of steam.
Melbourne McDonald’s smashes record after selling for $4.7m
The restaurant in the city’s south-east has sold on an investment yield of just 2.78 per cent, the sharpest return benchmark yet.
September
Public spending holds up more cranes in Melbourne than other cities
The construction sectors in Sydney and Brisbane are also buoyed by government funded projects. But the proportion in Victoria is so high it’s a risk to the sector.
QIC wants to triple $500m convenience retail fund
The state-owned body is widening its pool of retail investment opportunities in response to the changing demand of super funds, its head of real estate says.
‘I need a watch to match my Porsche’: Why luxury is booming in Perth
WA’s economic good fortune has supercharged demand for luxury retail in Perth and broadened the traditional clientele base – and international fashion houses are watching.
The next property crisis is coming. And it’s not just about housing
The supply shortages across retail, office and industrial property are good for investors, but will ultimately cost the economy.
Game for fund managers is now global, says Mirvac CEO
Campbell Hanan, who won a major fund mandate stoush three years ago says “disgruntled” investors are no longer accepting poor performance from their manager.
This $85b property veteran has three ‘high conviction’ bets this year
Falling interest rates are tempting investors back into property. But they’ll need to be picky this time around, as Charter Hall’s David Harrison explains.
August
Wool producers McBrides put Victoria’s biggest farm up for grabs
AJ & PA McBride, a sixth generation, family-owned wool producer, has put one of its most valuable properties up for sale.
The ‘pressure cooker’ set to push property values higher
The message from Australia’s listed property giants is clear: confidence is building thanks to falling rates, limited supply and a shift in investor thinking.