This Month
- Exclusive
- Build-to-rent
New tax laws no silver bullet for build-to-rent, NAB warns
Last week’s legislation halving the tax rate for foreign investors is a good start, but rival Macquarie agrees other factors also drag on projects.
- Michael Bleby
- Exclusive
- Property development
‘It’s a bit of a golden age of private credit’
Fund manager Nuveen, which has done a $400 million deal with Singapore’s sovereign wealth fund, says high returns are possible – and the risks aren’t bad, either.
- Michael Bleby
November
Doing it his way: How David Harrison built an $80b funds empire
In his two decades at the top, the Charter Hall chief executive has transformed the property funds group into a giant of the industry.
- Robert Harley
Singapore’s CapitaLand in talks to acquire $8bn Wingate Group
After 20 years in operation, Melbourne-based investment manager and real estate financier Wingate Group is set to change hands.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Commercial real estate
Commonwealth Bank takes control of Jon Adgemis’ yacht
The boat was built in 1974 in Italy and was advertised for sale in 2010 with a price tag of $2.85 million.
- Primrose Riordan and Sarah Thompson
- Exclusive
- Courts
ATO cut a deal with developer accused of fraud. But the money vanished
The uncle of Real Housewives of Sydney star Nicole O’Neil struck a deal with the Tax Office to pay millions in bills and penalties. When the ATO went to get the money, it was gone.
- Max Mason
October
- Exclusive
- Industrial relations
Union bans stop firms moving in to $1b Sydney CBD office tower
The completion of the 39-storey Parkline Place on Pitt Sreet has been delayed by months, exposing the builder to millions of dollars in extra costs and upsetting high-profile tenants.
- David Marin-Guzman
Celebrated chef Guy Grossi distances himself from Jon Adgemis
His company could join other parties that the Public Hospitality Group boss once worked with that have already walked away.
- Primrose Riordan
The ‘irresistible’ real estate bet gripping investors
It involves buying buildings with big carbon footprints and investing in green refurbishments.
- Gautam Naik and Frances Schwartzkopff
Westpac splits from ABA; Attempted kidnapping; Next battle for offices
Read everything that’s happened in the news so far today.
Tussle for control of New York’s famed Chrysler Building
Legal disputes and ruthless manoeuvres are commonplace in the cutthroat world of New York real estate. Now the fate of a famous skyscraper hangs in the balance.
- Philip Kaleta
Jon Adgemis says funds moved from pub group was at lenders’ behest
The administrator of a collapsed portion of the pubs and hotels empire had alleged $9 million was transferred over a year as the company began to collapse.
- Primrose Riordan
- Exclusive
- Pubs
Jon Adgemis allegedly transferred funds out of collapsing pubs group
The high-flying businessman built a hotel empire. But part of the company collapsed, with administrators presenting the initial findings of what went wrong.
- Primrose Riordan
- Exclusive
- Pubs
Lender taking over Adgemis pubs floats new George Calombaris diner
The restaurant is part of a broader plan to take over more of Jon Adgemis’ assets, as he loses grip on more of his former hospitality empire.
- Primrose Riordan
- Exclusive
- Pubs
Five of Jon Adgemis’ former venues to hit the market
Colliers have been appointed to market a large chunk of the former KPMG dealmaker’s pub empire, Public Hospitality.
- Primrose Riordan
September
Metrics heading for a world of pain at prop-tech platform RealtyAssist
The WA start-up has ruled off a series of capital raises over the past year, including an urgent $38.7 million private placement in January.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Rich families
How the wealthy daughters of Westfield co-founder John Saunders invest
Previously unreported filings for Terrace Tower, owned by the late businessman’s family, reveal assets worth $1.85 billion. But it has been a bumpy two years.
- Primrose Riordan and Ronald Mizen
Commercial property is coming back to life in US
But at what price will beaten-down offices, apartments and other properties actually change hands?
- Natalie Wong and John Gittelsohn
- Exclusive
- GST
ATO found pub empire made ‘fictitious’ GST refund claims
Virtical Group made false claims for millions in GST refunds based on invoices for construction that did not happen on property it did not own, the tax office has found.
- David Marin-Guzman, Max Mason and Larry Schlesinger
Ex-Brookfield CFO seeks $50m for equity push into housing projects
Andrew McVeigh says he has investors lining up to commit to a new equity fund that will invest in a portfolio of development projects.
- Larry Schlesinger
