Yesterday
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
- Opinion
- Lendlease
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
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
- Opinion
- AI
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
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
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
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
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
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 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
- Opinion
- Opinion
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
- Opinion
- Chanticleer
‘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 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
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
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
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
