Today
Bruny Island farm with 200-year-old homestead sets price record
The sale of Woodlands, which includes a restored Georgian homestead built by Captain James Kelly, has set a new price benchmark on Bruny Island.
- Larry Schlesinger
Egg farm on Melbourne’s outskirts sold to Japanese telco for $45m
Nippon Telegraph and Telephone Corp is emerging as a big player in the city’s housing market after buying its fourth site.
- Larry Schlesinger
Yesterday
10 long reads for the weekend
Why super savers should be worried about commercial real estate; the couple who took over a friend’s business, then made it a phenomenon; and how Australia’s youngest mayor became home affairs minister.
March
- Updated
- Construction
1700 aspiring owners stranded as Porter Davis goes under
The collapse of the Melbourne-based builder adds to a wave of home builder collapses that have left 4500 projects across the country in the lurch since late 2021.
- Updated
- Michael Bleby
Salter Brothers adds Bowral beauty to country lodge portfolio
After purchasing Spicers Retreats from Graham and Jude Turner in December, the fund manager has added Bowral’s Milton Park House Hotel to its portfolio.
- Larry Schlesinger
Entire western Sydney region powering ahead on many fronts
Parramatta isn’t the only area that is forging ahead. Other suburbs like Liverpool and Penrith are developing their own plans too.
- Robert Harley
Staff, investment pour into new offices in western Sydney
A new class of office buildings, including the mammoth Parramatta Square, have added to a surge in commercial property space in Sydney’s west.
- Robert Harley
Private hospitals in a real estate class of their own: HMC Capital
The company’s chief executive, David Di Pilla, has flagged further acquisitions after snapping up 11 Healthscope facilities for $1.2 billion.
- Larry Schlesinger
Build to rent is a capital story, not just a change in housing
Australia may be new to BTR but other countries aren’t – and many investors are hungry to diversify their holdings of what is a global asset class.
- Michael Bleby
Alarm bells ring for European property stocks
Facing a double whammy of rising funding costs and a predicted economic slowdown, highly leveraged real estate firms are the most vulnerable corner of European stocks.
- Joe Easton, Julien Ponthus and Michael Msika
Terms out for HMC Capital, HealthCo REIT raisings
HMC Capital and HealthCo Healthcare and Wellness REIT opened the books on their equity raisings on Thursday morning, as they look to bed down their $1.2 billion purchase of the 11 hospitals owned by Medical Properties Trust.
- Anthony Macdonald, Sarah Thompson, Kanika Sood and Emma Rapaport
US housing giant Sentinel takes build-to-rent to Adelaide
The $100 million residential project in Adelaide is the latest addition to Sentinel’s growing Australian holdings.
- Nick Lenaghan
Camping boom lifts holiday park operator’s portfolio to $500m
Tasman Holiday Parks CEO Nikki Milne says bookings are up 30 per cent on a year ago and further acquisitions are on the cards.
- Larry Schlesinger
HMC, HealthCo go where other REITs can’t to buy Healthscope properties
David Di Pilla’ will be out to prove the naysayers wrong (again) with twin raisings.
- Anthony Macdonald, Sarah Thompson, Kanika Sood and Emma Rapaport
HMC Capital ties up $1.2b Healthscope hospitals portfolio
The hospitals deal is one of the most signifcant yet for David Di Pilla’s HMC. It comes amid a surge in demand for healthcare real estate, underpinned by the needs of ageing population and a rise in the take-up of private health insurance by younger Australians.
Renewable energy infrastructure construction soars
Tighter emissions reduction targets, closure of coal-fired power stations and the need for more power generation is driving investment, a new report shows.
- Michael Bleby
- Opinion
- Chanticleer
How it might get ‘uncomfortable’ for Australian commercial property
New analysis from Morgan Stanley flags “uncomfortably high” gearing levels for commercial property.
- James Thomson
Details of guests, staff affected by data hack at Meriton Suites
The hotel business of Australia’s sixth-richest person, Harry Triguboff, has been hit by cybercrime.
- Michael Bleby and John Davidson
On your bike: the push to get office workers mobile
US retail giant Walmart has a set a target of getting 10 per cent of employees at its office HQ cycling to work.
- Ira Boudway
HMC Capital gets Healthscope properties for $1.2b, raisings coming
HMC Capital, the asset manager formerly known as HomeCo, pulled a rabbit out of the hat with a $1.2 billion deal to buy 11 hospital properties.
- Anthony Macdonald, Sarah Thompson, Kanika Sood and Emma Rapaport
