Yesterday
Why this fundie thinks inner-city offices are a hot play
Forza Capital has acquired a Darlinghurst office building in inner-city Sydney, its third such investment in the sector this year.
- Campbell Kwan
This Month
Property management rights industry worth $9.4b
Rising real estate values and new developments have underpinned growth of the Queensland-dominated sector.
- Larry Schlesinger
Lendlease avoids ‘second strike’ in crucial AGM showdown
The embattled company averted a vote on a potential board spill by convincing shareholders it was on the right track. Some want more evidence, however.
- Updated
- Michael Bleby and Campbell Kwan
Goodman suffers first strike against pay despite 75pc return
The industrial powerhouse suffered a 34 per cent protest vote against its remuneration report despite reporting “truly outstanding” FY24 results.
- Larry Schlesinger and Campbell Kwan
Developers aren’t building apartments – and it’s getting worse
The mix of housing projects coming on stream in the next few years has changed. Apartment construction now looks weaker than even six months ago.
- Michael Bleby
AI job growth to fuel demand for 480,000sq m of office space: report
JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.
- Michael Bleby
- Exclusive
- Office
Refresh at former Macquarie HQ gives new life to Barangaroo
A run of leasing deals in Sydney’s Barangaroo precinct has revived its fortunes, after a series of top corporate tenants left the waterfront precinct.
- Campbell Kwan
- Opinion
- Property Observed
Australia’s big shopping malls are back in black
Despite the cost of living pressures and the challenge of on-line shopping, retail rents are rising and so are mall valuations. There’s a reason for that.
- Robert Harley
Rich Lister strikes three with $170 million Adelaide mall deal
After making a fortune in petrol stations, Nick Andrianakos is reinvesting that wealth into the retail revival, with a string of big mall investments.
- Nick Lenaghan
HPI in talks to buy six pubs as it defends against takeover bid
The group is considering co-investing in hotels alongside “top tier” operators.
- Larry Schlesinger
- Exclusive
- Governance
ASX-listed builder slammed over ‘no divvy’ in clash with rival
Simonds’ biggest external shareholder, NEX, lodged a protest vote at the group’s AGM, setting the scene for the rivals to compete head-to-head.
- Michael Bleby
- Exclusive
- Property development
5700 new homes can be built on Sydney’s north shore. Why aren’t they?
About 170,000 square metres of development land on Sydney’s north shore is on the market. But some developers are holding back.
- Campbell Kwan
EV chargers, fast food key to pub giant’s growth plan
Hotel Property Investments directors will tell shareholders about plans to install EV chargers to enhance earnings amid a takeover battle with Charter Hall.
- Larry Schlesinger
Student caps threaten accommodation work, builder Richard Crookes says
The family-owned builder reported a deeper loss of $21 million and said the owners gave it a $30 million injection earlier this year.
- Michael Bleby
Why are cities still spending big on convention centres?
Companies are pulling back on spending on annual conferences, and fewer people are attending them.
- Alexander Nazaryan
- Exclusive
- Commercial real estate
Big industry super property fund plunges to $1.5b loss on write-downs
ISPT, backed by AustralianSuper and other big funds, has written down the value of assets in its flagship vehicle as it prepares to merge into IFM Investors.
- Nick Lenaghan
David Di Pilla flags $4b data centre float
Di Pilla’s group, HMC Capital, now has $2.5 billion of digital infrastructure assets in its control. It plans to spin off the portfolio and list it on the ASX.
- Nick Lenaghan
UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus
The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.
- Campbell Kwan
Snowy Mountains lodge developed by ex-Citibank exec hits the market
The luxury Nimbo Fork Lodge near Tumut, developed by fishing enthusiast and former banker Chris Fehon, is for sale. Meanwhile, the historic Waverley Estate in South Australia has sold.
- Larry Schlesinger
Big super takes the scenic route to Campus Living exit
It is unclear if Campus Living Villages’ exit, eight-years in making, will happen in 2024.
- Sarah Thompson, Kanika Sood and Emma Rapaport
