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A brutalist 1960s underpass tears through Croydon, right by the Westfield development site.

Why Unibail is building flats at its Westfield malls

An unloved district of south London could showcase Unibail-Rodamco-Westfield’s reinvention from mall owner to full-spectrum urban redeveloper.

  • Hans van Leeuwen
Dale Alcock says builders in WA “would be crazy to discount in this environment because they don’t need to”.

Rising rates won’t hit home building in WA or Victoria, ABN Group says

Perth’s undersupply of housing relative to demand is so great that prices will keep rising “substantially”, the country’s second-largest home builder says.

  • Michael Bleby


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
Jumbuck Pastoral’s empire includes famous Wave Hill Station, which Callum MacLachlan will retain, and Bulgunnia (pictured).

MacLachlans break up farming empire bigger than Netherlands

The wealthy family has split up a livestock station portfolio bigger than the Netherlands after brothers Jock and Callum quit its Jumbuck Pastoral.

  • Larry Schlesinger

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
The Windsor Castle Hotel is the biggest property in the combined portfolio.

Regional pubs roll-up Harvest Hotels combines two funds; preps exit

Prospective backers are being told to think of a liquidity event within 36 months, and circa 19 per cent IRR to exit.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

This Month

Scott Hutchinson.

Hutchinson Builders reports a ‘rubbish’ 80pc slump in profit

The pressures on construction contractors are acute in a regional market such as south-east Queensland, where they continue to compete for limited resources.

  • Michael Bleby
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
Increased focus on all-electric buildings   and powered by renewables will help us reach net zero with more certainty, says Davina Rooney, CEO of Green Building Council of Australia.

As timber buildings go up, emissions come down

The growing use of engineered wood products allows for less embodied carbon in buildings, but that alone won’t make construction clean.

  • Michael Bleby
Former building company Dome director Scott Wilcox.

I’m not responsible for Dome collapse, former director says

The former head of a high-end building company put into liquidation last week says he’s not to blame - and that his offers to help the company were rejected.

  • Michael Bleby
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

American work-from-home rates drop to lowest since the pandemic

Fears of a recession have eroded employees’ ability to demand the telework perks they won early in the pandemic, when the labour market sat squarely in their favour.

  • Zachary Fleming, Redd Brown and Ignacio Gonzalez
Mt. Madarao in Japan.

Skiing in Japan to get a $2.2 billion upgrade close to Tokyo

Big plans are under way for Myoko Kogen as more global investors look to get in on the country’s red-hot tourism rebound.

  • David Ramli, Lisa Du and Yuji Okada
Late to pay bills? We’re no worse than others, the country’s largest contractors say.

Big builders argue against new federal payment rules

The Australian Constructors Association says the industry is no worse than any other at paying its bills, but the author of a key 2017 report disagrees.

  • Michael Bleby
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
From apartments to standalone houses: Specialist disability housing can take many forms.

Lighthouse gets $130m social loan from CBA, NAB

Specialist disability housing could grow to be a $10 billion sector but it could also boost the development of a new loan asset class.

  • Michael Bleby
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
Dome Building Projects last year completed this luxury home in Erica Avenue, Glen Iris, designed by Pandolfini Architects.

Melbourne builder Dome goes into liquidation as $6.5m loan unravels

While there are some signs that home builders are through the worst of the crunch, many remain vulnerable.

  • Michael Bleby