Yesterday
No concession on BTR tax, Productivity Commission says
The commission’s arguments are likely to deepen a standoff between the industry and federal government over the higher tax rate applied to foreign investors in so-called managed investment trusts.
- Michael Bleby
September
$350m Cronulla project gets tick of approval
The mixed-use development featuring apartments above offices and shops at the northern end of Cronulla Plaza is due to be completed by mid-2025.
- Larry Schlesinger
Housing downturn won’t be steep and deep: UBS
A variety of factors will keep housing stronger, and that’s good news for two of the country’s largest developers.
- Michael Bleby
Pandemic clouds around the office sector darken
Commercial office property was seen as more resilient than hotels for the first two years of the pandemic. But that’s changed.
- Michael Bleby
Atrium-style Adelaide mall best ‘mini gun’ in the country
Adelaide’s Burnside Village generated $238m in total annual sales over the 12 months to July 31, making it the best performing small mall in the country.
- Larry Schlesinger
Block Arcade lures Bremont Watches amid luxury retail revival
Grant Cohen, whose family owns the Block Arcade in Melbourne’s CBD, says foot traffic is coming to back to pre-pandemic levels most days of the week.
- Larry Schlesinger
Liberman-backed Impact to sell 54 Wellington project in Collingwood
The developer of a troubled Melbourne office building is looking for a $160 million exit from an unexpectedly difficult project.
- Michael Bleby
Office rents on the rise as tenants ‘trade up’ to bring back workers
A willingness among corporate tenants to upgrade to newer, better buildings has lifted office rents in Sydney and Melbourne despite higher vacancy rates.
- Larry Schlesinger
‘I’ve never been in an office building before’
How does a 15-year-old respond to an office building? One work experience student gives her views.
- Scotia Whiting
Rich Lister secures $100m for non-bank lender but avoids apartments
Tony Denny says the risks in funding apartment construction are too high, but are manageable in land subdivision projects and smaller commercial developments.
- Larry Schlesinger
Rocky outlook for home building sector
The industry body expects total new dwelling starts to fall until 2024 before starting to grow again in 2025, with new unit developments to be hit hardest.
- Poppy Johnston
Telstra Super sells Carlingford Court stake for $120 million
In selling the metropolitan mall, the super fund has benefited from a 36 per cent mark-up on the asset it purchased 9 years ago.
- Michael Bleby
Green light for $500m Pitt Street hotel skyscraper
The 58-storey tower at the southern end of Pitt Street opposite the World Square mall will include a 297-room hotel and 30 apartments.
- Larry Schlesinger
Pop-up libraries help Melbourne move on from lockdowns
One of the world’s most locked-down cities during the pandemic is rejuvenating itself and healing its locals – one page at a time.
- Chris Bourke
AusUnity, Lendlease lob RetireAustralia bids; wait on stage two
Fund manager Morrison & Co appears on track for another tidy payday.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
- Exclusive
- Industrial
Frasers builds towards $10b logistics portfolio with Sydney land grab
Frasers Property Industrial boss Ian Barter said he would be disappointed if the logistics developer did not nearly double its $5.5b portfolio within four to five years.
- Larry Schlesinger
Quality trumps quantity in North Sydney’s office ‘bloodbath’
With a building boom under way, North Sydney’s office sector is facing a risk of oversupply. But the big developers say the post-pandemic market is turning in favour of their projects.
- Nick Lenaghan
More US workers are back in offices. It’s still nothing like before
Office occupancy in the United States remains below half of what it was in 2019, with a growing divergence between office attendance on the coasts and elsewhere.
- Taylor Telford
Marprop enters Adelaide with $70m tower deal
Purchased on behalf of an offshore institution, it is Marprop’s first acquisition in South Australia. The deal tops off about $600 million worth of transactions.
- Nick Lenaghan
Spying on staff won’t make them work, warns Microsoft
About 85 per cent of managers worry that they can’t tell if employees are getting enough done, while 87 per cent of workers say their productivity is just fine.
- Dina Bass and Emily Chang
