Today
Gilbert + Tobin bail out of Barangaroo
The move is another blow to the Barangaroo precinct, which has struggled to retain tenants due to decisions to move elsewhere or downsize.
- Updated
- Campbell Kwan and Maxim Shanahan
Lendlease, Daiwa House to partner on $480m London development
The Australian and Japanese developers have just secured their third joint project on as many continents.
- Michael Bleby
Retiree adds ambo station to SMSF as investors hunt infrastructure
Over $27m worth of social infrastructure assets were snapped at auction this week, including a Melbourne ambulance station which sold on a low 3.96pc yield.
- Larry Schlesinger
- Exclusive
- Shopping centres
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
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
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
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
- 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
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
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
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
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
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
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
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
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
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
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
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
