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
- Commercial real estate
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
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
Super fund QSuper hands back keys to NYC office tower
QSuper has quit a big bet on Manhattan real estate as rising interest rates and falling vacancies spoil its global property interests.
- Jonathan Shapiro
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
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
How to play the office downturn in three charts
Savvy buyers made a fortune after the 2008 crash, picking up property at distressed prices. Investors hoping to spot bargains can watch these trends.
- Campbell Kwan
- Opinion
- Chanticleer
Big office owners’ pitch can’t overcome interest rate fears
The big property groups love talking about their premium assets. Unfortunately, they need markets to settle down before investors are willing to listen.
- Anthony Macdonald
- Exclusive
- Rich List
Myer, Baillieu family’s wealth firm eyes commercial property
Mutual Trust is the country’s largest and most significant multifamily office. It says there are opportunities in the big fall in real asset values.
- Primrose Riordan
WeWork to close two Sydney offices
The company, which leases out flexible and short-term space it secures on long-term contracts, is being crunched by reduced office demand.
- Michael Bleby, Campbell Kwan and Mark Di Stefano
- Exclusive
- Commercial real estate
Rich Lister Stamoulis spies opportunity in $155m Charter Hall tower
The Melbourne deal comes in a market which has been starved of major trades for the past year as office values fall, under pressure from higher rates and softening demand.
- Nick Lenaghan
WeWork misses $150m in interest payments
There’s a clear need for flexible workspace. The question is whether companies such as WeWork will be in the financial position to take advantage of that.
- Lauren Hirsch
September
The sector that really worries property professionals
The worries over plunging CBD office tower values are worsening as major landlords battle with weaker demand and rising finance costs.
- Nick Lenaghan
- Opinion
- Opinion
Which offices will win? It’s all about location
When it comes to renting office property, businesses are thinking a lot more about access to transport, retail, services and after-hours entertainment.
- Robert Harley
Meta pays $283m to ditch London office as staff work from home
Facebook’s parent company, Meta, has been abandoning real estate as it redesigns its offices with more shared work areas and hot-desking. It comes amid a new hybrid working policy for staff.
- Tim Wallace and Matthew Field
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
Whose responsibility is it for office productivity?
Office landlords want workers back in the office to make them more effective and collaborate, but the onus is on landlords to draw people back.
- Campbell Kwan
Music promoter Michael Coppel sells office tower for $35m
The sale of 333 Queen Street to well-known investor ‘Jimmy’ Lai Huat Goh is the biggest office deal in Melbourne this year.
- Larry Schlesinger
Suburban gym cops 3pc valuation hit as investors lap up food joints
A Genesis gym in Lilydale sold 3pc below book value despite undergoing a $3m renovation and locking in Geoff Lord’s Belgravia Group on a 10-year lease.
- Larry Schlesinger
