Today
Singaporean billionaire brings Hilton to Hobart
Koh Wee Meng’s Fragrance Group has ditched Accor’s Novotel brand and has instead appointed Hilton to run its new Hobart Hotel as a DoubleTree.
- 1 hr ago
- Larry Schlesinger
Labor rules giving building unions more powers on projects
The construction industry in Queensland is worried about state policies that benefit the CFMEU, but which will saddle consumers with great costs.
- Michael Bleby, James Hall and David Marin-Guzman
- Exclusive
- Office
The 19 corporate giants behind Sydney’s tumbling office values
Australia’s biggest companies have cut close to 200,000 square metres from their Sydney CBD office footprints. And so far, only Westpac is considering expanding again.
- Campbell Kwan
Yesterday
Melbourne a launching pad for Hong Kong hotel brand
Lanson Place will open its first Australian property in September after spending $80m repurposing the former Salvation Army Printing Works in East Melbourne
- Larry Schlesinger
Just 7pc of British bosses say they go into the office full-time
The findings could open employers up to accusations of hypocrisy from angry staff who have been forced back to their desks.
- Lucy Burton
Dexus poaches AustralianSuper’s infrastructure tsar Nik Kemp
It is the biggest hire so far by the company’s new chief executive, Ross Du Vernet, who took over the top post from long-serving Darren Steinberg this year.
- Nick Lenaghan
Remote work crushes next wave of office towers: experts
The next wave of CBD skyscrapers may not emerge for another decade as Sydney and Melbourne office markets recover from the rise of remote work and record high vacancy rates.
- Nick Lenaghan
This Month
- Exclusive
- Commercial real estate
Consolidation coming to co-working as Melbourne rivals merge
CreativeCubes, backed by Flight Centre co-founder Geoff Harris, has bought five Melbourne hubs from Workspace365 as it prepares for an offshore assault.
- Larry Schlesinger
- Exclusive
- Retail property
Challenger sells Tasmanian mall for record price
The wealth giant has sold Channel Court, which is the largest sub-regional mall south of the Hobart CBD, for $82.5 million.
- Campbell Kwan
Office funds post their worst performance since GFC
ISPT 50 Lonsdale Street Property Trust and the Mirvac Wholesale Office Fund were the worst performers, posting declines in total return of more than 20 per cent.
- Campbell Kwan
‘We can’t even dictate contractors’: NSW builders eye EBA changes
Contractors in Australia’s largest state say they have lost influence to the main construction union.
- Michael Bleby
‘Off the market’: The $175m pub sale that never happened
The Thomas family will retain ownership of The Oaks Hotel in Neutral Bay after a local family was unable to stump up the money to settle the circa $175 million deal.
- Larry Schlesinger
- Exclusive
- Restaurants
Crown offloads Nobu stake in deal valuing restaurant group at $1.3b
Blackstone-run Crown has had a 20 per cent stake in the acclaimed Japanese chain, part-owned by Robert De Niro, since James Packer bought in a decade ago.
- Nick Lenaghan and Matthew Cranston
The investor survival kit for property taxes
Property investors, particularly in Victoria and NSW, face what seems to be an ever-increasing regime of extra costs and charges. Here are some tips to stay the course.
- Robert Harley
PGIM hops on private credit boom with $750m fund
The global fund manager’s first local private credit fund has raised $300 million and received an additional $300 million in commitments so far.
- Campbell Kwan
The $175b super fund that’s shopping for old London office blocks
With $11 billion in its property portfolio, Aware has been unafraid of going early and hard with a countercyclical strategy. And it means going global.
- Nick Lenaghan
Now is the time to buy commercial property, says this veteran analyst
Veteran real estate research analyst Sameer Chopra says population growth and the high cost of construction will lead to property values surging.
- Larry Schlesinger
Interest rate uncertainty dogs builders as buyers stay away
Less than half of companies polled by Macquarie said they expected sales to increase, even as inquiries for new houses begin to increase from last year’s lows.
- Campbell Kwan
Alceon names Goldman Sachs private capital operative as its new CEO
David Gribble will succeed former investment banker and Babcock & Brown executive Trevor Loewensohn, who founded Alceon alongside Phil Green and Morris Symonds.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Property Winner
- Sustainability Leaders
How to get to net zero with recycled building rubbish
Nu-Rock founder Maroun Rahme says reusing waste products could deliver Australia its net-zero target by 2030 as the company takes out the Property and Construction category.
- Larry Schlesinger
