ISPT snaps up centres
The industry superannuation fund-backed group’s specialist retail fund has been buying up assets.
The industry superannuation fund-backed group’s specialist retail fund has been buying up assets.
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.
The top office funds manager is shifting deeper into new kinds of housing as more institutions chase exposure.
The billionaire has become a canny property investor in the emerging luxury apartment space.
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.
The building’s changing fortunes show the tough times for the office market as the building finds a new life after the paper departed.
The sale by Canadian giant Brookfield puts the Sydney fun park under local control and the buyers have big plans to revitalise the faded icon.
Fugitive developer Jean Nassif’s planned high-rise precinct opposite a metro station in Sydney’s Hills District has crumbled, with the site that cost more than $300m to assemble now for sale.
The owner of the Westfield empire is planning to take a greater role in solving the country’s housing crisis by using airspace above its centres and on surrounding land for accommodation.
The famed shopping centre family is now fishing for bargains in offices alongside the savvy Wentworth operation.
Original URL: https://www.theaustralian.com.au/author/ben-wilmot/page/3