This Month
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
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
15pc of the market: Multi-storey warehouses on the rise in Sydney
Twenty multi-storey projects are expected to deliver 850,000 sq m of warehouse space in Sydney by 2027, the equivalent of 39 Accor Stadium football pitches.
- Larry Schlesinger
September
Charter Hall halves the retail leasing pain
The ASX-listed landlord and developer identified 93 steps across 11 different systems to manage a retail lease. AI and automation changed that.
- Michael Bleby
- Opinion
- Chanticleer
Why office valuations could dive another 20pc, and cash is king
Blackstone’s global property boss and local office king Darren Steinberg argue that while valuations are under pressure, strong cash flow can create value.
- James Thomson
Bunnings invests $75m in a changing home-build market
Wesfarmers’ earnings powerhouse is expanding its commercial business but also preparing for major changes in residential construction.
- Michael Bleby
$500m solar deal to cut warehouse energy bills by half
ESR and Solar Bay have partnered on plans to install 125,000 solar panels on warehouses across the country, and deliver energy at lower prices to tenants.
- Larry Schlesinger
August
- Opinion
- Commercial real estate
Stormwater problems hit logistics projects at Kemps Creek
Developers say a Sydney Water levy was ‘late coming to table’ and added almost $50 million to the development costs of a nine-warehouse project.
- Robert Harley
Offices on the nose as REITs take $6b hit
While office values could fall further, the outlook for malls is brighter and A-REIT earnings in FY24 could be higher than forecast, say fund managers.
- Larry Schlesinger
Stockland has $1.6b to spend on housing pipeline
The investment property portfolio of the ASX-listed developer, investor and landlord suffered a $256 million loss in value over the year to June.
- Michael Bleby
Centennial buys discounted Sydney industrial sites for $163m
Centennial says multistorey is an option for a logistics site in Brookvale acquired from Centuria, while it may expand another site bought from Charter Hall.
- Larry Schlesinger
- Opinion
- Chanticleer
Three ways the office property reckoning will play out
Charter Hall’s David Harrison says history provides a good guide to how the pressures in the office property market will be resolved.
- James Thomson
AI drives $30b data centre opportunity at Goodman
Significant growth in data storage, and AI in particular, means data centres now account for almost a third of all the company’s development projects.
- Larry Schlesinger
Investors forgive Mirvac’s faults on optimistic housing outlook
The ASX-listed developer and investor says the decline in office values will worsen this year after trimming its forecast earnings per share.
- Michael Bleby
Values of sheds on long leases down 15-20pc: Centuria
The logistics landlord has written down the value of industrial facilities on long leases that cannot capture the strong uplift in rents by 15-20 per cent.
- Larry Schlesinger
Lendlease says it’s on track to become a $70b investor
The diversified developer and landlord, which announced after-tax loss of $232 million for the year, is dependent on a sale of its master planned communities business to meet the return target it has set itself.
- Michael Bleby
Lendlease gains support from investor Tanarra
The intervention by a veteran banker may ease pressure on Lendlease CEO Tony Lombardo to sell at a time of falling values.
- Michael Bleby
July
- Exclusive
- Commercial real estate
CBA gives business clients tool to measure building energy efficiency
Building owners need to ensure their assets are competitive, and banks don’t want to be left funding stranded assets in a fast-changing market.
- Michael Bleby
UniSuper clocks in for $560m stake in logistics portfolio
For UniSuper the acquisition boosts its exposure to one of the few bright spots within the broader commercial property market, where returns more broadly and valuations have been battered by rising rates.
- Nick Lenaghan
Soaring occupancy costs to drive big names from Sydney warehouses
Amazon and Ceva Logistics are among those considering shifting more of their logistics operations from Sydney to counter surging warehouse occupancy costs.
- Larry Schlesinger
