Agencies forecast a commercial property recovery
After a tough period, the commercial property is set to turn around this year.
After a tough period, the commercial property is set to turn around this year.
After years of delays the Sydney harbourside hotel Sir Stamford is expected to be redeveloped as entrepreneurs bet on the top end of the apartment market.
The famed motoring company has sold off a piece of Australian manufacturing history to a developer determined to revamp it with a $250m plan.
Debt house Metrics has stepped up as a joint venture partner with developer Billbergia on a $3bn luxury residential project overlooking Hyde Park in the heart of Sydney.
MA Financial is well advanced with its plans to raise about $300m for a listed credit trust, which sources say is likely to be the first big float of 2025.
Goodman Group has struck a mega-deal in the US, bringing in the trillion-dollar Norwegian sovereign wealth fund as a backer in the world’s largest commercial market.
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.
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