Dexus fund trades out of Mirvac offices at discount
A Dexus fund took a hit as it switched out of investing in a major office trust in a sign of tough times in the sector.
A Dexus fund took a hit as it switched out of investing in a major office trust in a sign of tough times in the sector.
The construction group swung to a first-half loss with a lack of builders keeping costs high, but it expects confidence in the property market to return as interest rates fall.
The deal on a $700m-plus Sydney tower shows that buyers are returning to office markets – but only at a lower prices.
The Housing Australia Future Fund and other planning reforms and infrastructure funding are critical, but action is needed to ensure new homes are delivered, says Mirvac’s Campbell Hanan.
Developers are stepping up efforts to build apartment towers for a new generation of renters. But more needs to be done to clear the way for projects.
Property giant Mirvac says residential sales slow in first quarter of 2023-24 but presales have lifted to highest levels in 12 months.
Downsizing is about to become a very big business but it may not be the most profitable move for you.
The developer wants to capitalise on the country’s housing shortage through land lease communities and distance itself from office, amid the work-from-home trend.
Deals involving Whitehaven Coal, Mirvac Group and ARN Media have all been well received by investors.
The developer, led by Campbell Hanan, is confident in the future of offices as space tightens at the premium end.
The land lease sector is surging as big players get set in the area as customers chase new options amid the housing crisis.
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A Japanese investor has stepped in to back the largest office sale in the Sydney CBD since the Covid-19 pandemic eased.
A real estate executive with a multimillion-dollar home in an exclusive suburb is fighting allegations he stole a taxi while drunk.
Mirvac boss Campbell Hanan says higher density development in cities and improvements to planning regimes will be key to unlocking more new housing.
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The office market’s woes have hit the unlisted sector, where big discounts are now in play as investors get out.
Big institutions are vying for the project, billed as the last piece of the Darling Harbour puzzle.
Many such former shop clusters have been converted to apartments. When I was young, the local mixed business’ proprietor was basically part of our extended family.
More real estate investment trusts are tipped to take the axe to their workforces on the back of weaker market conditions and soaring debt costs.
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