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- 43 pages
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- Feb 21, 2024
- 4 pages
This Month
Back to office mandates a boon for battered sector: Charter Hall
Fund managers and landlords such as Charter Hall are set to benefit from companies compelling more workers to come into the office more often.
- Nick Lenaghan
January
- Exclusive
- Commercial real estate
Mirvac office fund declines 14.5pc as headwinds hit wholesale sector
While office assets continue their drawn-out decline in value, dark clouds are also sitting heavy over the golden child of industrial property.
- Michael Bleby
October 2023
Gilbert + Tobin bails 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
- 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
- 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
August 2023
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
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
Charter Hall to lift distribution 6pc despite property headwinds
Property funds under management – the engine room of Charter Hall’s business – rose 9.5 per cent to $71.9 billion during 2023.
- Nick Lenaghan
Some REITs will weather the slowdown
Australian real estate investment trusts have weathered huge recent challenges. If things can’t get worse, are they about to get better?
- Jeremy Chunn
- Opinion
- Office
There’s one big factor in the office property slump (and it’s not WFH)
Australia’s office tower property sector is in the doldrums - but investors shouldn’t ignore the fact that there’s an excess of new supply.
- Robert Harley
July 2023
Charter Hall fund sells $80m office block to meet redemptions
Disruption across the commercial property market is being felt in the unlisted sector as well. But a dovish turn by the US Federal Reserve has sparked optimism the end to rate hikes is in sight.
- Nick Lenaghan
Fund’s liquidity woes prevent jobless pilot from flying again
Investor finds himself grounded by a redemption squeeze in the Charter Hall Direct PFA Fund he’d built up since 2018.
- Michael Bleby
Investa reignites $1.5b build-to-rent strategy; hires advisers
The real estate investment manager is in the early stages of a selldown process for three projects worth about $1.5 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
The global office property crisis has finally hit Australia
The decision to limit redemptions from an unlisted Charter Hall office property fund shows investors are spooked, and the market is in a difficult spot.
- James Thomson
Charter Hall’s $2.45b office fund to take this year to pay withdrawals
Falling values have hit investors in the country’s largest office landlord, with Charter Hall limiting redemptions in a $2.5 billion unlisted office fund to just 25 per cent.
- Updated
- Michael Bleby
Charter Hall, Telstra Super check out of shopping mall for $85m
The sale of Adelaide’s Brickworks Marketplace for a 5.43 per cent yield comes amid increased interest in individual retail assets and smaller malls.
- Campbell Kwan
June 2023
Bega says shrinking pool of cows to keep milk prices high
The amount of fresh milk produced on dairy farms in Australia has shrunk by 9 per cent in two years, adding to upward pressure on prices.
- Simon Evans
- Opinion
- Chanticleer
The office property reckoning will be drawn out
The latest cut in office property valuations looks modest compared to recent deals and the increase in bond yields. Investors appear to agree.
- James Thomson
Charter Hall takes $1.9b hit on portfolio value as rates bite
Fund manager Charter Hall has cut the value of its $72 billion managed property portfolio by 2.8 per cent. Analysts expect further revaluations are still to come.
- Nick Lenaghan
