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Commercial real estate


Lendlease recently subleased two floors at Baranagaroo Tower 3 as part of its tenant reduction strategy.

Atlassian, Lendlease give discount deals for office subtenants

Lendlease has completed subleases at Barangaroo Tower 3 that amount to getting back about 45 per cent of its passing rent.

  • Campbell Kwan

The $5b ‘repair job’ that is reviving Circular Quay

A suite of projects – including an office tower, luxury apartments and the new Waldorf Astoria – is breathing new life into Sydney’s city waterfront hub.

  • Robert Harley

Dexus CEO Darren Steinberg to step down

Darren Steinberg’s exit is the latest departure in a generational change sweeping across the top ranks of the property sector.

  • Nick Lenaghan

This Month

An office project at 2 Southbank Boulevard, Melbourne, that NPM completed for ASX-listed GPT Group.

Sydney construction firm NPM calls in administrators

The construction, design and refurbishment firm completed commercial projects for some of the country’s biggest property groups.

  • Larry Schlesinger
Microsoft Australia and New Zealand boss Steven Worrall.

Microsoft’s new $5b Aussie deal is a massive tech land grab

The tech giant’s Australian investment is a significant move to commandeer two of the biggest and most lucrative global technology bandwagons.

  • Paul Smith
The 31,500 square metre facility offers more storage capacity than New Aim’s other warehouses.

Rosy e-commerce outlook drives ex-Rich Lister’s move into new shed

New Aim will lease a 31,500 sq m state-of-the-art shed in Stockland’s new $2 billion Melbourne Business Park as e-commerce drives the industrial market.

  • Larry Schlesinger
The Ferreros' business began as a family pastry shop and expanded with products including Ferrero Rocher.

Chocolate maker abandons $70m Ferrero Rocher nut orchards

The Riverina estate was planted with 1 million hazelnut trees to supply nuts for Ferrero Rocher chocolates but will be put up for sale for $80 million.

  • Larry Schlesinger
Lower commodity prices (including beef) have started to affect rural property values.

Farmland’s golden run ends as prices fall 3.9pc in six months

After more than two years of surging values, the median price of a hectare of farmland fell 3.9 per cent between January and June, according to Rural Bank.

  • Larry Schlesinger
Conways Station last sold for about $9m in 2017

Fund manager, carbon investor team up to buy NT’s Conways Station

Fund manager Sam Mitchell has teamed up with carbon project investor Viridios Capital to buy 139,200-hectare Conways Station.

  • Larry Schlesinger
An artist’s impression of the 100-room hotel Club Sapphire hopes to build in Merimbula.

NSW club plans 100-room hotel to offset slide in pokies income

Club Sapphire Merimbula on the NSW South Coast hopes to build the tourist accommodation to create a new revenue source as gaming revenue declines.

  • Larry Schlesinger

Singapore’s Keppel swoops on school, uni campus for new fund

The Asian asset manager has snapped up two Sydney properties, worth $198 million in total, for its growing Australian education portfolio.

  • Nick Lenaghan
Mirvac CEO Campbell Hanan.

Mirvac in $1b play to house downsizing Boomers

Mirvac will spend $300 million to acquire a near-half stake in the Serenitas portfolio of 27 land lease communities – affordable accommodation for downsizing baby boomers.

  • Michael Bleby
The only way to maintain or even increase the value of a commercial property will be through capital improvements that drive tenant retention and rental growth.

Commercial property owners need to work their assets harder

The era of cheap money and easy capital growth is over. Investors and landlords need to switch their focus to rental yields to prosper in a time of rising rates.

  • Sam Tamblyn
Kathleen McCarthy says different property sectors are moving a different speeds.

‘Still at the beginning’: Blackstone says property shakeout coming

Blackstone’s Kathleen McCarthy says the usual signs of pain in the sector are only now emerging. But she’s confident the giant is well-placed. 

  • James Thomson

AirTrunk flags new Osaka data centre as it eyes $10b-plus IPO

The announcement comes in the midst of a purple patch for the firm, and the sector more generally, buoyed by the soaring demand for cloud computing.

  • Nick Lenaghan
Stockland CEO Tarun Gupta.

Stockland to charge up to 10pc more for homes this year

In an ‘uncertain’ market, the developer is charging buyers more. The biggest price rises are coming from sales to the growing cohort of downsizers.

  • Michael Bleby
Sixty per cent of office space has been sold to family offices.

The next evolution of WFH: the luxury office that feels like a home

Developer Orchard Piper has sold more than 60 per cent of office suites in its $120 million Toorak project to local family offices.

  • Larry Schlesinger

German builders set demands to stem property rout

The real estate sector was a bedrock of the country’s economy for years. Now, a sharp rise in rates has put an end to the run, tipping developers into insolvency as deals freeze and prices fall.

  • Tom Sims and John O'Donnell
Lance Rosenberg from Gleneagle Securites and former investment banker Jon Adgemis.

Jon Adgemis, Archibald Capital shout senior lenders at pubs roll-up

The duo is understood to have held meetings with prospective backers to bankroll the tilt.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Wealth is in abundance in Singapore.

Singapore is fighting rising oceans to save $80b in real estate

About one-third of the island city-state is less than five metres above sea level, low enough for flooding to cause punishing financial losses.

  • Sheryl Tian Tong Lee, Selina Xu and Isabel Kua