This Month
Rich Lister Harry Triguboff books 9 per cent dip in profit
Mr Triguboff’s Meriton Properties’ bottom line profit fell 9 per cent to $290 million, as income apartment sales dipped and management costs rose.
- Campbell Kwan
November
Sydney developer buys 12 Apostles spa site for more than $15m
The large site opposite the 12 Apostles rock formations sold with approvals in place for a $200 million spa and eco-resort.
- Larry Schlesinger
- Exclusive
- Property investment
Property management rights industry balloons to $8b
Australia’s management rights industry for short and long-term accommodation is 67 per cent bigger than first assessed a year ago, a report by ResortBrokers says.
- Larry Schlesinger
Young developer to bring famed chef to Melbourne designer hotel
Calvin Huang is adding high-profile local and global brands to his Melbourne projects, including a new venue by Flower Drum founder Gilbert Lau and New York’s Eataly.
- Larry Schlesinger
- Opinion
- Opinion
What’s to like, or not, in $12b land lease housing sector
Thousands of mostly senior Australians have moved into ‘land lease’ estates, where they own their physical home and pay a site fee. Investors are following the demographics.
- Robert Harley
London’s old offices made over into lux apartments, swanky hotels
Squeezed for space in prime real estate, developers are transforming corporate boardrooms, department stores and offices.
- Sarah Rappaport and Damian Shepherd
Singapore’s CapitaLand sells Parramatta, North Ryde hotels for $109m
Novotel Sydney Parramatta and Courtyard by Marriott North Ryde were acquired by investors Frank and Wade Huang at 5pc over their book value.
- Larry Schlesinger
October
- Exclusive
- Hotels
Indonesians extend hotel spending spree to $270m with Sydney deal
The Karim family has expanded its Australian hotel portfolio to five properties after buying The Old Clare Hotel in Chippendale for $61.8m.
- Larry Schlesinger
Skiing in Japan to get a $2.2 billion upgrade close to Tokyo
Big plans are under way for Myoko Kogen as more global investors look to get in on the country’s red-hot tourism rebound.
- David Ramli, Lisa Du and Yuji Okada
NSW club plans 100-room hotel to offset slide in pokies income
Club Sapphire Merimbula on the NSW South Coast hopes to build the tourist accommodation to create a new revenue source as gaming revenue declines.
- Larry Schlesinger
- Exclusive
- Investment banking
How a dozen banks and a green trigger recast a $1.4b debt deal
Talks over a new Scape debt deal began in November last year, but a sleeper clause was not activated until now to tie the money to lower carbon emissions.
- Aaron Weinman
Marriott opens world’s biggest W Hotel in Sydney
It took three builders to complete it, but Marriott has finally cut the ribbon on the 588-room W Sydney at Darling Harbour.
- Larry Schlesinger
- Exclusive
- International students
Australian Unity, MaxCap join to create $1b student digs portfolio
Their push into student accommodation comes as part of a broader push by institutional investors into residential-for-rent as an asset class.
- Nick Lenaghan
From women’s prison to unmissable one-off boutique hotel
A WWII-era jail in Berlin has been liberated to create accommodation that’s a monument to heroines, a luxury urban retreat – and a home for modern art.
- Ben Fajzullin
GPT to run $1b student digs portfolio as rents rise
GPT’s move into rental housing in the form of student digs comes amid increasing institutional interest in that sector.
- Nick Lenaghan
Hyatt brings serviced apartment brand to Australia
The first Hyatt House hotel will open in a South Melbourne residential tower in 2025.
- Larry Schlesinger
Star hopes to fetch $200m for Brisbane casino and hotel
Star Entertainment has put the Treasury Casino and Hotel on the market as it prepares to vacate these properties for Queen’s Wharf.
- Larry Schlesinger
September
54 years on, Harry Triguboff finally makes his mark in Melbourne
The 298-room apartment hotel on King Street in Melbourne CBD’s - the Sydney property developer’s first foray in Victoria – has opened its doors.
- Larry Schlesinger
Hotel developer Pro-invest plans big move into build to rent
Pro-invest will leverage off its expertise in developing and operating 6000 hotel rooms and launch into the build-to-rent apartment market this year.
- Larry Schlesinger
Rich Listers bank on $130m Phillip Island hotel to boost tourist spend
The billionaire founders of Computershare and Salta Properties, Chris Morris and Sam Tarascio, are behind the 160-room hotel proposal in Cowes.
- Campbell Kwan
