Ben Wilmot

Ben WilmotCommercial Property Editor

Ben Wilmot has been The Australian’s commercial property editor since 2013. He was previously a property journalist with the Australian Financial Review.

Latest

Education

16/07/2023: Students L-R Isi Larraguibel 26, Rowen Fernandopulle 23, Jaden Amba 19, and Rois Maullers, 25 relax at Scape student accomodation in South Bank, Brisbane. International students in Australia have surged to the highest levels in a decade, sparking concern that hordes of new entrants are exacerbating AustraliaÃ¢â‚¬â„¢s housing crisis. . pic Lyndon Mechielsen/The Australian

Student accommodation expansion ‘hampered by taxes’

Student accommodation operator and owner Scape has taken on management of two more Melbourne properties but says the cost of doing business in Victoria is becoming increasingly prohibitive.

Property

Budget blowouts hit property industry confidence

Property owners have a ‘glass-half-empty’ attitude about economic growth thanks to concerns about high-taxing state budgets, the results of a Procore/Property Council Survey show.

DataRoom

Businesswoman and businessman shaking hands after meeting . Business takeover, acquisition generic

Elanor, PGIM team up for tilt at e-commerce

The listed Elanor Investors Group is set to unveil a fresh partnership with US heavyweight PGIM Real Estate.

Development

Tim Gurner and Qualitas have acquired the remaining interest of Jam Factory from Newmark Capital and will develop a $2.75bn project

$30m penthouses: Gurner, Qualitas team for Jam Factory revamp

The developer is banking on turning the iconic Melbourne complex into New York-style apartments, luxury hotels, cinemas and high-end shopping.

Property

Brookfield is selling 240 Queen St in Brisbane

$250m deal makes this Brisbane’s top tower

Fund manager Quintessential has settled on Brisbane’s largest office purchase this year, buying 240 Queen St after seller Brookfield cut the price.

Property

Lendlease has sold its US military housing business for $480m

Lendlease marches out of US military housing

Embattled developer Lendlease has kicked off its return to Australia strategy with the sale of its US military housing business for a higher than expected $480m.

Property

SYDNEY, AUSTRALIA - NewsWire Photos SEPTEMBER 14 2023. Generic housing & real estate house generics. Pic shows aerial view of suburban rooftops in Ashfield, taken by drone. Picture: NCA NewsWire / Max Mason-Hubers

Housing prices’ upward march slowing

Home prices have continued their inexorable march upwards on a national basis but parts of the market are slowing and some east coast capitals are now in reverse.

Property

An artists impression of Mirvac's 55 Pitt St development

Mirvac’s $2bn Sydney tower wins Japanese backing

The support clears the way for Mirvac to get its landmark Circular Quay project underway – a sign of its belief in the top end of the office market.

Development

The Lansdowne Hotel, 2 - 6 City Rd, Chippendale NSW 2008. Supplied

Broadway supersite to rise in Telstra $67m sale

Tricon Group has quietly assembled one of Sydney’s best supersites by picking up two properties in the inner suburb of Chippendale.

Offices

Dexus to check out of Martin Place tower

Dexus is close to striking one of the country’s largest office deals this year by selling a half interest in the landmark 5 Martin Place tower in the heart of Sydney.

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