Today
- Opinion
- Commercial real estate
Why WFH won’t be the death knell for CBD offices
The impact of WFH will vary across different business sectors. Premium office towers will prosper, older buildings will empty and be redeveloped.
- David Parker
Cbus could invest more than $500m in affordable housing: Wayne Swan
The boss of the industry super fund says it is comfortable with the risks of a new asset class and wants to play a role in resolving Australia’s housing crisis.
- Michael Bleby
Singapore’s biggest money-laundering case tests weak property market
The arrest of China-born money-laundering suspects has spooked investors who have piled into a booming part of the island’s real estate sector.
- Low De Wei
- Exclusive
- Construction
Sydney’s office-to-housing conversions that can’t get started
Plans to redevelop some Sydney office towers into much-needed apartments have stalled, as rising finance and construction costs stymie developers’ ambitions.
- Campbell Kwan
Yesterday
Goodman lures private capital giants for New Zealand funds platform
But with a target to grow funds under management to around $NZ2 billion within the first five years, there will be plenty of room for investors
- Sarah Thompson, Kanika Sood and Emma Rapaport
Super funds housing investment ‘not a subsidy’, IFM says
“When we invest in Australian companies that create jobs for Australians, no one says ’What are you doing investing in job-creating companies?” giant fund manager says.
- Michael Bleby
- Opinion
- Chanticleer
Billionaire Greg Goodman not scared to give the market what it wants
On M&A Monday, the deal that caught our eye was Goodman’s decision to set a listed fund free and try to make money as a shareholder.
- Anthony Macdonald
Australia needs $115b to fund new housing, Qualitas says
The pick-up in private funding puts pressure on the federal government to clarify rules around inclusion of affordable rental housing in new developments.
- Michael Bleby
Office values plunge as CBD market bottoms
Major CBD office towers are selling at 20 per cent discounts to their peak value, the best evidence yet that the correction in Australia’s office market is nearing the bottom.
- Nick Lenaghan
This Month
Lendlease’s epic slide started more than a quarter-century ago
After many false starts, the once-venerable property group’s latest chief faces an uphill task convincing investors he can turn around the troubled business.
- Michael Bleby
Lifestyle Communities to raise $275m for ‘land lease’ model
An emerging housing option, land lease communities are typically aimed at budget retirees. Residents buy a pre-fabricated home from the housing estate operator then pay a ground rent for their site.
- Nick Lenaghan
It’s too expensive to build ski lodges in Japan’s powder paradise
Prospects for developers to generate large profits at famed Japanese ski destination Niseko are dwindling as speculation from foreign investors sends land prices soaring.
- Lisa Du
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
High-yielding commercial properties better bet than housing
Girish Ramkrishnani acquired two commercial properties in regional SA on yields of more than 6 per cent. He intends to sell down his Melbourne residential investments.
- Larry Schlesinger
Westfield owner Scentre beats guidance with 5.4pc lift in payout
Scentre’s leasing spreads, the difference in rents between old and new agreements, is expected to remain positive even as consumer spending slows.
- Campbell Kwan
New sales inquiries up 20pc as rate expectations stabilise: Stockland
The developer and landlord has kept its earnings outlook unchanged even as residential earnings slumped in the six months to December.
- Michael Bleby
- Exclusive
- Build-to-rent
BTR operator Local closes $650m fund for two buildings
As private investors pull back, institutions are stepping in to develop build-to-rent housing.
- Michael Bleby
Lendlease tax dispute exposes Aware Super
Superannuation fund Aware is set to become entangled in Lendlease’s $260 million dispute with the Tax Office over a portfolio of retirement village assets.
- John Kehoe
Fund manager Centuria’s move into alternate assets pays off
The diversification strategy had been vindicated by the market disruption caused by recent global events including the pandemic, according to joint CEO John McBain.
- Nick Lenaghan
Ingenia settlement revenue jumps as home-building constraints ease
The developer of affordable housing for downsizing over-55s could not avoid higher building costs, which have narrowed its new-home profit margin.
- Michael Bleby
