November
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
- Opinion
- Chanticleer
The next three property shortages have already started
Charter Hall boss David Harrison says the supply shortages and lack of developer confidence we’re seeing in the housing market are playing out across the property sector.
- James Thomson
Why this fundie thinks inner-city offices are a hot play
Forza Capital has acquired a Darlinghurst office building in inner-city Sydney, its third such investment in the sector this year.
- Campbell Kwan
Developers aren’t building apartments – and it’s getting worse
The mix of housing projects coming on stream in the next few years has changed. Apartment construction now looks weaker than even six months ago.
- Michael Bleby
AI job growth to fuel demand for 480,000sq m of office space: report
JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.
- Michael Bleby
- Exclusive
- Commercial real estate
Refresh at former Macquarie HQ gives new life to Barangaroo
A run of leasing deals in Sydney’s Barangaroo precinct has revived its fortunes, after a series of top corporate tenants left the waterfront precinct.
- Campbell Kwan
Coles orders staff back to the office
Chief executive Leah Weckert says 5000 office workers will soon have to be in the office three days a week to foster collaboration.
- Euan Black
HSBC downsized its London head office – now it’s upsizing
Projections about shrinking office footprints are being challenged by the return of workers to offices.
- Jack Sidders and Harry Wilson
Hoteliers lodge at Hudson House, headquarters of the very rich
The Australian Hotel Association has outbid four prominent families to secure a third floor at the exclusive home of Australia’s richest family offices.
- Campbell Kwan
- Exclusive
- Commercial real estate
Aware Super’s $200m Brisbane tower deal to revive bruised market
The $180 billion fund is in talks to buy the Ann Street tower. If completed as expected, it will be the first office deal there by a local super fund in five years.
- Campbell Kwan
October
From Coonabarabran to Wagga: Investors go bush for commercial property
There were 120 enquiries for a pharmacy in the Central West of NSW that sold before auction and 55 calls for a Bridgestone tyre shop in the Riverina.
- Larry Schlesinger
Office funds drop 27pc, but the downturn may soon be over
Rising interest rates, weak demand and the switch to hybrid work have wrought havoc for the office sector over the past two years.
- Nick Lenaghan
- Opinion
- Chanticleer
Inside Macquarie’s new HQ, where the queen takes centre stage
Employees see their boss Shemara Wikramanayake on the way to their desks after entering the building without a security pass – since there are face scanners.
- Anthony Macdonald
- Opinion
- Chanticleer
What we learnt from walking Sydney with our biggest office landlord
Exploring the streets of its CBD with the chief executive of commercial property giant Dexus, it fast becomes clear that the outlook is far from settled.
- James Thomson
- Exclusive
- Wisetech Global
WiseTech to exit HQ and move up the road
Tech giant WiseTech will soon leave its long-time headquarters in south Sydney, once owned by founder Richard White, for a new home nearby.
- Campbell Kwan
More pain to come for office tower values despite 20pc tumble
Challenges to the office sector mean only the best towers are expected to increase in value as interest rates fall.
- Campbell Kwan
Office mandates on the rise as jobs market softens: experts
The trend back to the office has further to run in the short term as power swings back toward employers. But there may be limits to that shift.
- Nick Lenaghan
How to turn an empty office tower into a hotel
Veriu boss Zed Sanjana says incentives along with changes to planning rules and building codes are needed to encourage the repurposing of more office buildings.
- Larry Schlesinger
Melbourne CBD office vacancy touches 20pc
Melbourne’s landlords are offering hefty discounts on rent to win tenants in the city’s lacklustre office sector, even as other capitals show signs of improvement.
- Campbell Kwan
Google HQ, Media House up for grabs
The offerings come after two years of significant upheaval across the office market. But there is growing confidence the down cycle is finally bottoming out.
- Nick Lenaghan
