Yesterday
What the cash rate means for REITs
While further property write-downs may come in June, there may be little more beyond that as the outlook for interest rates turns favourable, says Citi.
- Nick Lenaghan
Why the Paris Olympics will be a modest showcase of wood architecture
Every host city tries to use the Olympics to power a transformative project. Paris 2024 wants to make sustainability, not monumental construction, its legacy.
- Feargus O'Sullivan and Jenny Che
This Month
Cities face cutbacks as commercial real estate prices tumble
Losses from office towers are hitting more than investors. US cities are bearing the brunt too, as municipal budgets are crimped by falling property taxes.
- Alan Rappeport
- Opinion
- Opinion
‘Narrow window’ to snap up commercial property bargains
With institutional capital still watching on the sidelines, smaller investors have the chance to pick up quality assets at discounts as high as 30 per cent.
- Sam Tamblyn
Mystery lender chases ex-PwC staffer for $30m debt from failed project
Bill Zheng and his Investors Direct Financial group were part of a consortium that proposed to develop the $30 billion Australian Education City near Melbourne.
- Lucas Baird
ESR and Frasers snap up $200m industrial site from Rich Listers
The two big industrial developers have joined forces to snap up a 64ha parcel of land in Cranbourne from the Tarascio family’s Salta Properties.
- Larry Schlesinger
Why Stockland decided to save Sydney’s Piccadilly tower from demolition
Even without a carbon tax or laws relating to new builds, developers are rethinking the value of embodied carbon built into their existing structures.
- Michael Bleby
- Exclusive
- Office
Marquette buys Brisbane CBD tower at 25pc discount for student housing
After sitting on the market for 18 months, a Saudi fund’s Brisbane CBD office tower has finally sold as buyer and seller expectations grow closer.
- Campbell Kwan
How Robin Khuda went from near-bankruptcy to creating a $14b titan
The AirTrunk founder was forced to go into his superannuation funds to keep the data centre giant running before it eventually found success.
- Campbell Kwan
Victorian manufacturers warn land tax could send businesses interstate
And interstate treasurers, including Queensland’s Cameron Dick, are encouraging businesses to relocate from Melbourne.
- Gus McCubbing
Property funds post 13pc losses as office crunch arrives
The dramatic downturn in the office market has been the main drag on returns for investors in the unlisted sector. But how far away is the bottom?
- Nick Lenaghan
- Exclusive
- Industrial
Industrial property hits $300b and will surge ahead of offices
Once the ugly duckling of the commercial real estate, the value of prime industrial property is expected to surge above $400 billion over the next decade, leaving the office and retail sectors trailing in its wake.
- Larry Schlesinger
Corner offices are out; collaboration is in. Enter the new law firm
Larger law firms have been shedding space even as they have added lawyers. The rise of remote work has hastened the goal of many to downsize their real estate.
- Ellen Rosen
- Exclusive
- National Storage REIT
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
- 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
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
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
How Country Garden plays into China’s property mess
When China moved in 2020 to reduce the risk of a housing bubble, it set off a cash crunch for developers that was worsened by pandemic lockdowns.
- Pearl Liu and Enda Curran
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
