Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement
Property

Commercial

Today

The contested office fund holds stakes in landmark properties such as the new Quay Quarter tower in Sydney.

Mirvac wins control of $7.7b AMP office fund

The vote ends more than six months of uncertainty over the future of the fund, after Mirvac revived its bid this year, backed by disgruntled investors.

  • 6 mins ago
  • Nick Lenaghan

Kennards locks onto former Masters hardware store site

Kennards is aiming to redevelop a site in Melbourne’s north through a mixed-use scheme with retail, fast food and self-storage.

  • Nick Lenaghan
Still confident on the outlook: ESR Australia’s Phil Pearce.

Rental growth to ‘compensate’ for lower industrial values: ESR boss

ESR Australia boss Phil Pearce is confident industrial rents will rise strongly over the next two-three years after snapping up $107m of assets across Melbourne.

  • Larry Schlesinger

Yesterday

Austrata Finance CEO Andrew Boss.

Multibillion building rectification bills draw new lenders, loans

Friction over the new loans reflects the pressures on strata management, a cottage industry that has undergone huge growth and has to deal with increasingly complex issues.

  • Michael Bleby
Flux towers are used to measure carbon dioxide returning to the soil in real time.

The ‘toolkit’ helping measure carbon capture in real time

Using flux towers and sensors, the technology developed by Queensland University of Technology and Agrimix has the backing of some big industry names.

  • Larry Schlesinger
Advertisement
Wykeham offers more than 1000 ha of pastoral land against the backdrop of the Southern Grampians

Holistic farming couple spend $22m on South Grampians beauty

Wykeham at the foothills of the Grampians was acquired by Anna and Michael Coughlan, who farm according to holistic principles.

  • Larry Schlesinger

This Month

Office vacancy nudges upward as tenants wait out uncertainty

As corporate Australia navigates through rising cost pressures and an uncertain economy, tenants are delaying their office accommodation decisions.

  • Nick Lenaghan
Lendlease and Mitsubishi Estate Asia have formed a joint venture to acquire the One Circular Quay development in Sydney for about $800 million, with an additional $50 million payment subject to certain project outcomes.

Japan deals are back with $3b Mitsubishi-Lendlease Circular Quay deal

Under the deal, Mitsubishi will increase its 19.9 per cent stake in the $3 billion project to 66.7 per cent and Lendlease will hold the balance.

  • Updated
  • Michael Bleby
Customers can drive straight to the warehouse to get their groceries

Woolworths brings customers straight to its warehouse

Woolworths new online fulfilment centre in Brisbane is the first to offer car boot delivery services for time-poor customers.

  • Larry Schlesinger

‘Flexibility has gone too far’: CBD office returns stall

The uptake of CBD desks nationally barely budged in June over the previous month and is at levels well below pre-pandemic, as a fresh wave of illness takes its toll.

  • Nick Lenaghan

Housing construction slows as COVID delays bite

It’s not all bad news as the delays, which reflect the rising costs and delays in home building, will also stretch out activity as underlying demand slows.

  • Michael Bleby
ISPT will spend $150m revamping 500 Bourke Street

ISPT secures life insurance giant for ‘new build’ office tower revamp

ISPT will invest $150m overhauling 500 Bourke Street - a 1970s Melbourne office tower - to create a net-zero development.

  • Larry Schlesinger

Commercial property values could fall 10 to 30pc

Commercial property around the globe faces another unhappy downturn. But the outlook is unlike either of the previous collapses. Today’s downturn is largely a question of price.

  • Robert Harley
The recently completed Quay Quarter Tower at Circular Quay.

Last-minute twist delays vote on $7.5b AMP office fund

Investors will consider the merits of an 18-month fee holiday before voting on their long-term future, with either Dexus or Mirvac as their fund manager.

  • Nick Lenaghan
Jesse Curtis: Rising rents will support valuations.

Industrial property’s ‘spectacular’ run coming to end: analysts

After registering huge valuation increases in recent years, the latest update from $4 billion landlord Centuria Industrial REIT suggests this run may be over.

  • Larry Schlesinger
Advertisement

Brisbane office and retail complex changes hands for $55m

It is the latest property deal struck as the city hopes to woo more investment in commercial and residential real estate in the lead-up to the 2032 Olympics. 

  • Nick Lenaghan
Architect Hannah Tribe stands across the road from the heritage building she has designed a tower above.

Gwynvill joins the move to an upmarket George Street

Office developers are following in the footsteps of luxury retailers that over the past decade have gravitated towards a revamped George Street in Sydney’s CBD.

  • Michael Bleby
Iris Capital outbid Sydney’s Oscars Hotels for the Canberra Casino.

Rich Lister Sam Arnaout outguns Sydney hoteliers for Canberra casino

This latest deal by the hospitality property king’s Iris Capital takes its investment in new hospitality assets this month to about $220 million.

  • Larry Schlesinger

No experience, no problem: top European hotels struggle to find staff

Thousands of workers left the hospitality industry when international travel shut down during the COVID-19 pandemic. Many chose not to return.

  • Andrew Mills, Corina Pons and Catarina Demony
Dunk Island was a renowned resort destination until it was ravaged by cyclones.

Atlassian billionaire Mike Cannon-Brookes snaffles Dunk Island

Mr Cannon-Brookes and his wife Annie join a growing number of Sydney-based wealthy investors buying Queensland tropical islands amid a domestic tourism boom.

  • Larry Schlesinger