Commercial real estate
Lendlease exists overseas assets as it announces overhaul
The property giant will incur costs of up to $1.475 billion as it shifts away from the overseas construction markets and focuses on its Australian businesses.
- by Carolyn Cummins
Latest
Affordable housing a new asset class picking up speed
Housing aimed at essential workers is gaining momentum as developers in eastern Australia expand projects.
- by Carolyn Cummins
Alphington paper mill $500m property flip may delay much-needed supermarkets
People in Alphington and Fairfield might have to wait longer for supermarkets they have been expecting.
- by Nicole Lindsay
AI, warehouse demand sheds new light on industrial property deals
Investor and developers recently pumped $1 billion-plus into the booming industrial property sector.
- by Carolyn Cummins
Lendlease sells down Asian asset ahead of investor showdown
The property giant has moved to simplify its business with the sale of life sciences interests in Asia, with chairman Michael Ullmer reportedly on his way out.
- by Carolyn Cummins
Cashed up barrister and cattle station owner buys into Lygon Street
Australia’s richest barrister Allan Myers, KC, has quietly snapped up the ANZ bank branch in Carlton, down the road from his old university.
- by Nicole Lindsay
Lendlease vows to fight $112m tax bill as investors sell down shares
Investors downgraded the stock at a time when the global property giant is coming under pressure from other major shareholders to restructure the business.
- by Carolyn Cummins
‘Investors are back’: Wary apartment developers crank up new projects
There are glimmers of hope in the development market after a savage few years.
- by Nicole Lindsay
Sublease space shrinks as big corporates put brake on handing back office space
Big corporates wanting to offload space are struggling to compete with landlords who are offering big incentives in rent deals.
- by Carolyn Cummins
Drug kingpin’s former Sydney Road arcade for sale
Cashed-up Aesop founder and Canberra developer are selling hipster Sydney Road shops once owned by career criminal Tony Mokbel.
- by Nicole Lindsay
Westfield owner beefs up security after Bondi Junction attack
Scentre Group has increased its security and is working with local police across its 42 Westfield shopping malls following the attack at its Bondi Junction centre.
- by Carolyn Cummins