Yesterday
- Exclusive
- Shopping centres
Dexus appeals forced sale of $830m Macquarie Centre stake
Dexus is disputing a court decision that requires one of its managed funds to sell a half stake in the Sydney shopping mall to its co-investors.
- Campbell Kwan
This Month
Dexus lobs bid for big super’s Aussie student apartment portfolio
Of note, Canadian giant Brookfield also participated in the first round but ultimately decided the asset wasn’t for it.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Commercial real estate
Why Victoria will struggle to sell Mount Baw Baw alpine resort
More than one-third of the resort’s commercial sites are vacant and it doesn’t have enough power to use them all, business owners say.
- Michael Bleby
- Exclusive
- Property development
More than 1000 apartments to rise from old Sydney Fish Market site
A long-heralded plan to transform the site into housing is gaining momentum, as three major developers are shortlisted for the $1.5 billion project.
- Campbell Kwan
Auckland self-storage giant hangs up for-sale sign via KPMG
Street Talk understands National Mini Storage’s earnings have stabilised between $25 million and $30 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- 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
- Commercial property finance
‘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
- Exclusive
- Commercial real estate
James Packer behind $110m deal for Surry Hills heritage building
An investment company ultimately owned by James Packer is partnering with developer Time & Place on plans for a $500m inner-Sydney development.
- Larry Schlesinger
The $180m mall Woolies liked so much it bought it
Woolworths’ big buy in Sydney’s west shows the price it’s prepared to pay as it jostles with its rivals for the best position in suburbs across the nation.
- Campbell Kwan and Nick Lenaghan
Big builders enjoy recovery as insolvencies hammer small players
Even as large contractors report stronger earnings, the loss of smaller subcontractors cuts capacity and creates risks for the whole sector.
- Michael Bleby
Welcome to Australia Post’s HQ. Just don’t call it the HQ
The postal service has ditched its high-profile head office in a Melbourne skyscraper for a humble yet high-tech building in the suburbs. It’s all about the vibe.
- Nick Lenaghan
- Exclusive
- Agriculture
Macquarie buys $175m stake in fresh fruit producer
Macquarie Asset Management adds a controlling stake in one of the country’s largest citrus, berry and table grape producers to its $4.7 billion agricultural portfolio.
- Campbell Kwan
Trophy farms worth $120m change hands in year-end deals bonanza
Among the five properties sold was the 1900-hectare wool aggregation Avington – and its 16,000 Merino sheep – in Victoria’s Macedon Ranges.
- Larry Schlesinger
Pubs operator beats theme park giants to snap up Sydney’s Luna Park
The popular harbourfront landmark was sold by Canadian investor Brookfield for more than $50 million. Its new owner described it as a “great opportunity”.
- Campbell Kwan
November
The $1.5b housing opportunity at Westfield Hornsby
Seven of Sydney’s transport hubs have been earmarked for fast-track housing development. Mall giant Scentre is an early winner, and says much more can be done.
- Nick Lenaghan
Lowys swoop on Domain’s Sydney HQ in $230m bargain deal
The Lowy-family backed Assembly Funds Management and local fund manager Wentworth Capital have acquired a Pyrmont office tower at a 33 per cent discount from its peak value.
- Campbell Kwan
Di Pilla’s HMC Capital on track for 90pc boost to earnings
The outperformance of its private equity fund and fees generated from its data centre IPO have supercharged earnings.
- Larry Schlesinger
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
AUKUS subs project to drive $40b logistics, housing boom: report
The building and maintenance of nuclear submarines in Adelaide and Perth is expected to create demand for 1 million square metres of warehouse space and 24,500 homes.
- Larry Schlesinger
Housing construction rises to a three-year high
There are some signs of a pick-up in home-building, but higher costs and a risky environment for contractors are holding back development.
- Michael Bleby
Why this FIFO construction firm ‘never loses a client’
Fostering long-term relationships with clients such as gold miner Newmont has helped this business more than double revenue to $80m in a year.
- Larry Schlesinger
Victoria to sell loss-making Baw Baw, Lake Mountain ski resorts
The two resorts closest to Melbourne have long needed subsidies to keep operating. But selling them creates dilemmas for the state’s alpine tourism market.
- Michael Bleby
Mirvac taps stamp duty exemptions to sell luxury Melbourne apartments
News of the sales – and strong demand for a Sydney development with no tax break – raise questions about who should benefit from stamp duty cuts.
- Michael Bleby
- Opinion
- Workplace culture
Want your best workers to quit? Make them come in every day
Jeff Bezos and Elon Musk are big fans of the five-day office mandate. But it’s a terrible way to manage talent.
- Sarah Green Carmichael
‘Horsing heartland’: Merlin Park up for grabs for over $30m
The horse training ground outside Melbourne may could become a residential development.
- Campbell Kwan
