Yesterday
- Exclusive
- Commercial real estate
Singaporeans plot Aussie self-storage raid with $460m war chest
Singapore-based StorHub has secured $460 million in equity funding to establish a platform in Australia, and already has five assets.
- Larry Schlesinger
Mr Conviviality: Japanese designer bags architecture’s top prize
“Starchitects” have had a stranglehold on the prestigious Pritzker Prize in past years. Now it’s celebrating those with a common touch.
- Robin Pogrebin
- Exclusive
- Office
Once worth $160m, this Brisbane tower is getting offers half that
A Brisbane office tower owned by a Saudi sharia-compliant fund was bought for $159 million in 2016, but it has only received offers of about half that amount.
- Campbell Kwan
This Month
Blackstone’s $90b property fund hits milestone as investor nerves calm
The giant real estate fund for wealthy individuals is finally letting customers draw money without any constraints after more than a year.
- Dawn Lim and John Gittelsohn
Employers need to gear up on staff ebikes
Cycling accounts for about 1 per cent of Australian work commutes. New carbon accounting requirements and a bid to get staff back in the office could change that.
- Michael Bleby
Lendlease defends guidance shock
The beleaguered property giant says it could not have disclosed a change in its forward guidance any earlier than last month’s December half announcement.
- James Thomson
New house pipeline drops to weakest in almost 12 years
Australia’s new housing cycle is reaching a trough, but this doesn’t mean a fast pick-up anytime soon.
- Michael Bleby
- Exclusive
- Build-to-rent
Sentinel adds 240-unit Adelaide project to BTR pipeline
Momentum is picking up, one development at a time, in the housing type that could reshape the country’s housing market.
- Michael Bleby
Trophy farms return to the market at ‘realistic’ prices
Properties returning to the market include communications veteran Robbie Sefton’s Bramaer and former NSW minister Michael Yabsley’s Southern Highlands bolthole.
- Larry Schlesinger and Michael Bleby
Trump warns of big losses from asset sales during property slump
The billionaire must pay the full fraud judgment by March 25 or arrange a bond for at least 110 per cent of the amount to put the fine on hold while he appeals.
- Erik Larson
February
- Exclusive
- Pubs
Jon Adgemis in financial dispute over his grandmother’s estate
The businessman’s Public Hospitality Group has been struggling with cash flow problems and is saddled with high debts.
- Primrose Riordan
Cromwell pins hopes on $500m Polish malls sale to curb debt worries
The Brisbane property fund manager’s gearing level is close to 45 per cent, well past its target range, as devaluations hit its balance sheet.
- Nick Lenaghan
How worried should you be about commercial real estate?
Strains are surfacing four years after the pandemic. Valuations take a long time to adjust to shifts in demand, mortgages can take years to mature.
- Charlie Wells and Claire Ballentine
$500m raising to turn unloved hotels, offices into rental housing
Fund manager and hotel developer Pro-Invest Group is in the midst of an equity raising to fund the development of 10 co-living apartment towers with 2000 units.
- Larry Schlesinger
Swatch adds gloss to Melbourne’s luxury watch precinct
The Swiss watchmaker cements a city block as the country’s premier luxury watch precinct after opening a flagship store on Collins Street.
- Larry Schlesinger
ADIA cashes out of Precinct Properties; Jarden on trade
The Abu Dhabi Investment Authority has sold its $262 million stake in Precinct Properties
- Sarah Thompson, Kanika Sood and Emma Rapaport
Home building slumps to weakest since mid-2022
The collapse of another building company this week shows the hit to capacity in the economy and makes the national 1.2 million-home target harder to achieve.
- Michael Bleby
- Opinion
- Property Observed
Report card on the REITs: mind your debts
Lessons from earnings season: retail property surprised on the upside, logistics cooled a tad, office continued to lag, and housing inquiry rose.
- Robert Harley
- 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
