This Month
Care A2 Plus lender applies to wind up baby formula minnow
Care A2 Plus faces the prospect of being wound up due to a long-running dispute with a lender who alleged the infant formula manufacturer defaulted on a $2.2 million loan.
- Max Mason and Carrie LaFrenz
Demand for housing and sheds to drive Frasers forward
Frasers’ booming Australian residential and industrial businesses will help drive profits at the Singaporean giant, after they fell at the half-year stage.
- Larry Schlesinger
Goodman warns on China as data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
- Larry Schlesinger
Rest Super, Barings snaffle $780m Goodman industrial portfolio
The Australian super fund and US investment manager have acquired 12 properties in Sydney and Melbourne, leased to the likes of Amazon and Metcash.
- Larry Schlesinger
Americans went all-in on self-storage. That demand is suddenly cooling
One of the reasons for the drop in demand for self-storage units is that people aren’t relocating as much as they did during the pandemic.
- Martha C. White
April
- Exclusive
- Dexus
Batteries to power up warehouse pipeline as big as 40 MCGs
Dexus’ program to install batteries in all its new warehouses will cut its tenants’ energy bills by almost $100,000 a year and reduce their carbon emissions.
- Larry Schlesinger
The Barbie effect: Mattel expands into mega shed
DHL has relocated its Mattel warehouse to a site 20 per cent bigger as the toy maker looks to cater for rising demand for its products after the hit movie.
- Larry Schlesinger
Data centre builders fight infrastructure for heavy cranes
Demand for the heaviest type of crane has pushed up costs at twice the rate of ordinary commercial cranes. And there aren’t enough of them.
- Michael Bleby
AI boom drives $174m data centre deal on 3.6pc yield
Macquarie Technology Group will acquire the Intellicentre Campus at Macquarie Park from Singapore’s Keppel DC REIT as it looks to lift data storage capacity.
- Larry Schlesinger
Warehouse construction to surge again, but no oversupply fears
Warehouse completions fell by almost 1 million square metres last year, but the stabilisation of debt and construction costs will fuel a strong rebound.
- Larry Schlesinger and Michael Bleby
Hale Capital seeks $300m for ‘infill’ warehouse play
Fund manager Hale Capital is seeking $300m of fresh equity to fund a series of warehouse projects in the inner suburbs of Sydney and Melbourne.
- Larry Schlesinger
March
- Exclusive
- Commercial real estate
Cushman & Wakefield taps Noral Wild to lead, deepens alternatives push
The commercial agency’s appointment of a new CEO for Australia and New Zealand signals the trends in commercial property it is aiming to tap.
- Updated
- Michael Bleby
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
- Exclusive
- Office
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
February
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
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
Investors swap term deposits for healthcare and industrial property
Top sales at the first commercial property portfolio auction of the year were a medical facility in Port Macquarie and a distribution warehouse in Penrith.
- Larry Schlesinger
Lombardo’s next key challenge to rebuild Lendlease
After a painful earnings announcement burned his company’s shares, the CEO has a big task to keep investors on side.
- Michael Bleby
- Updated
- Earnings season
‘It’s a mess’: Investors punish Lendlease for huge profit miss
“It’s an asset-rich company that is just generating paltry returns,” says Simon Mawhinney, the managing director of Allan Gray, which holds a 6.2 per cent stake.
- Michael Bleby and James Thomson
$80b data centre opportunity lifts Goodman to new high
While the industrial powerhouse swung to a statutory loss after asset values fell 4 per cent, it upgraded both earnings guidance and its data centre pipeline.
- Larry Schlesinger