Tramsheds reset latest play for rising Revelop
Private group Revelop has swooped on the Tramsheds Sydney complex in inner-city Forest Lodge, picking up the centre from developer Mirvac for about $52m.
Private group Revelop has swooped on the Tramsheds Sydney complex in inner-city Forest Lodge, picking up the centre from developer Mirvac for about $52m.
Executives say it’s now a matter of seizing the opportunity, but there’s one critical issue threatening to hold the nation back.
The developer is cautious about retail rent collections after the outbreak of Omicron, but its residential unit is firing ahead.
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A near sellout of its first apartment tower at a $1bn Brisbane waterfront community has prompted the developer to push forward plans for a new 25-storey tower. SEE THE PICTURES
Major property developer hits carbon goal nine years early and says there is still more work to be done.
The Mirvac-developed Heritage Lanes building in Brisbane sports the latest technologies designed to get workers back to their desks.
Mirvac is capitalising on the switch to driving to central business districts with the offer of a major Sydney car park that could sell in the mid-$40m range.
The prospect of a regulatory tightening to rein in house prices has prompted a fierce backlash from developers who say the recovery is still fragile.
Lendlease, Mirvac and logistics giant ESR are among the groups jockeying to buy Qantas’s 14 hectares of mostly undeveloped land surrounding Sydney Airport.
Billions of dollars worth of office towers are on the block and buyers are still coming, while rates are low with a strong bounce back expected.
Investors in the $7bn AMP Capital Wholesale Office Fund are believed to be gauging the appetite for a change in manager.
Mirvac has a bullish outlook as housing is expected to surge again but it hinges on business conditions getting back to normal.
The ASX 200 has ended the trading session at a record high daily close as falls in Rio Tinto, CBA and AGL were offset by insurers QBE and IAG. Telstra unveils $1.35bn buyback.
The deal for the EY Centre at Circular Quay shows Mirvac and its backers have faith in the recovery of the Sydney CBD.
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As many companies consider shedding their CBD offices, Mirvac is extending its reign, adding 10,000sq m to its ambitious $600m Sydney tower development.
The battle between the tycoon and the developer is over a priceless Sydney icon: a water view.
For Mirvac co-founder and former chief executive Bob Hamilton, the work continues.
Original URL: https://www.theaustralian.com.au/topics/mirvac-group/page/6