Commercial real estate
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
Latest
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
Get a room: Why hotels are so hot right now
Investors, developers and management groups are lining up to join boom-time conditions in the hospitality industry.
- by Carolyn Cummins
Grunge icon Prince of Wales for sale at knock-down price
St Kilda’s once-grungy Prince of Wales Hotel is back on the market carrying a discounted price tag of $30 million.
- by Nicole Lindsay
Dixon calls last drinks at Blues Point pub
After a decade of pulling beers, businessman and former Qantas and Tourism Australia chair Geoff Dixon is calling last drinks as landlord of the 160-year-old Blues Point hotel, on Sydney’s lower north shore.
- by Carolyn Cummins