Billionaire swoops on Sydney pubs in $200m play
Pubs are making a late year surge, with property billionaire Sam Arnaout snapping up two venues.
Pubs are making a late year surge, with property billionaire Sam Arnaout snapping up two venues.
Big US firms flexed their financial muscle to become the biggest buyers in commercial property this year, but Japanese companies have kept on buying as the year comes to a close.
In what could be the final mega project of his storeyed property career, veteran developer John Boyd is in talks with Stockland to develop a controversial Cooks Cove site into a logistics precinct.
The pub market is running almost as hot as the weather, with a sector heavyweight buying three Queensland watering holes.
Australia’s sovereign wealth fund will pour about $350m into a deal to get a slice of seven student complexes.
HMC Capital founder David Di Pilla’s dreams of a global data centre empire appear to have been shattered as investors dub the company ‘DodgyCo’.
The listed group is shaking up its flagship office and retail funds that control about $14bn worth of the country’s best towers and malls.
The year’s biggest float has flopped on its ASX debut when investors sold off HMC Capital’s DigiCo trust and the lack of support could have ramifications for the data centre frenzy.
The wishes of late billionaire Stan Perron are being brought to fruition as millions are poured into his charitable foundation through the sale of real estate assets.
David Di Pilla’s funds house HMC Capital faces a key test with the launch of its DigiCo Infrastructure REIT on the Australian Stock Exchange on Friday.
Original URL: https://www.theaustralian.com.au/author/ben-wilmot