Big institutions go shopping for centres but bargain sales end
Listed groups headed by Dexus, GPT and HMC Capital are leading the charge back into buying large shopping centres.
Ben Wilmot
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US capital returns as BGO seals Sydney tower deal
Global investment manager BGO has paid about $580m for a Sydney CBD office tower as it bets on the top end of the market.
Red tape hindering development of available land
Missing infrastructure, planning backlogs, environmental rules and land zoning are hurdles holding back housing supply that must be overcome to deliver the government’s ambitious targets.
David Jones owner puts iconic city store on the market
The landmark David Jones building in Bourke Street, Melbourne is being sold by South African retailer Woolworths Holdings, ending its costly move into the department store chain.
Lendlease shareholders back Bunnings boss for turnaround
Lendlease is retreating back to Australia after billions of dollars’ worth of writedowns but shareholders have backed new chairman John Gillam to restore its fortunes.
Goodman hit by pay strike amid bet on data centre boom
The $70bn company run by billionaire Greg Goodman has been in the sights of proxy advisers.
Investment trust recovery may spark an offshore push
Australian real estate investment trusts are on the cusp of a period of healthy results, propelled by the strong performance of industrial trusts meaning some could even go offshore again.
Developers shake up build-to-rent holdings as sector fires
Fund managers and developers are either offering sites in key apartment hubs for sale, or seeking capital to back their ambitions.
Office sublease space hits lowest level for three years
The tighter environment shows that companies have stopped slashing space.
Aqualand taps into prestige market
The developer is looking for institutions and wealthy backers to back its latest wave of selected projects which includes three key sites on Sydney’s north shore.
Original URL: https://www.theaustralian.com.au/author/ben-wilmot