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.

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Kings CrossProperty

An artist's impression of a "shop top" housing development, spearheaded by a company owned by former Kings Club nightclub mogul John Ibrahim (inset).

‘King of Cross’ makes luxury residential play

After seeing the most lively times in Kings Cross, famed former nightclub owner John Ibrahim is now behind one of the luxury residential projects sweeping the area.

Ben Wilmot

SharesProperty

(FILES) Signage is displayed outside of a Citigroup Citibank branch in Torrance, California, on March 13, 2023. JPMorgan Chase and Citigroup reported increased second-quarter profits on July 12, 2024, despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers. At Citi, second-quarter profits were $3.2 billion, up 10 percent from the year-ago period, reflecting the benefit of a six percent drop in operating expenses following a reorganization directed by CEO Jane Fraser. (Photo by Patrick T. Fallon / AFP)

Why Citi took a $70m bath on Chinese fund’s Goodman selldown

Rival banks say Citi just made a ‘stuff up’ with a botched block trade of CIC shares in Goodman Group that has raised questions about the industrial property-turned-data centre developer.

Ben Wilmot

Financial servicesProperty

Centuria Capital has bought Manning Mall in Taree from an unlisted Elanor Investors Group-run fund for $34.85m

Challenger lifeline for Elanor as it works to get back on ASX

Challenger will leave $3bn of commercial property under smaller manager Elanor’s control as attempts are made to stabilise its operations.

Ben Wilmot

IndustrialProperty

16/2/22: Greg Goodman, Head of Goodman Group ahead of the release of the company's results. John Feder/The Australian.

Goodman offloads Sydney infill portfolio for $87m

The sale shows that the industrial market in Sydney is firing with an active market for infill sites.

Ben Wilmot

FundsCommercial

The ISPT Retail Australia Property Trust has bought Woolworths Clarkson

ISPT snaps up centres

The industry superannuation fund-backed group’s specialist retail fund has been buying up assets.

Ben Wilmot

DevelopmentProperty

Artist impressions of Charter Hall's hotel and apartment development planned for 201 Elizabeth Street, Sydney

Charter Hall chases backer for $3bn luxury tower

The property funds manager is seeking a capital partner to develop a luxury apartment and hotel complex overlooking Sydney’s Hyde Park valued at as much as $3bn.

Ben Wilmot

StrategyRetail

Indi Sydney, a build-to-rent project by Investa and Oxford Properties Group.

Investa flags living shift as city projects roll out

The top office funds manager is shifting deeper into new kinds of housing as more institutions chase exposure.

Ben Wilmot

DevelopmentProperty

Time & Place, backed by James Packer, has acquired Marlborough House in Surry Hills, Sydney

Packer backs $110m Surry Hills property play

The billionaire has become a canny property investor in the emerging luxury apartment space.

Ben Wilmot

OfficeProperty

Oceania Capital Group.has bought 66 St Georges Terrace

Oceania swoops on Perth tower as RF Corval exits

The office sector is making a late-year comeback, and industry experts say the sale signifies a turning point in the West Australian capital’s commercial market.

Ben Wilmot

SalesProperty

GPT's wholesale office fund is selling 655 Collins Street in Melbourne

Former Age newspaper building to be sold for $120m

The building’s changing fortunes show the tough times for the office market as the building finds a new life after the paper departed.

Ben Wilmot

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