This Month
Stockland says it can develop 12 sites more profitably than Lendlease
The deal involving two of Australia’s largest property developers and investors boosts Stockland’s land bank and will help Lendlease focus on investment.
- Michael Bleby
Cbus Property colours $930m of its debt green
The super fund negotiated with ANZ, CBA, NAB and ING on converting a series of loans into sustainable financings for properties in Australia’s biggest cities.
- Aaron Weinman
- Exclusive
- Rich List
Sam Arnaout arrives at Hudson House, headquarters of the very rich
The billionaire publican has snapped up the offices once occupied by late television king Reg Grundy, signalling a changing of the guard among Sydney’s rich.
- Primrose Riordan and Campbell Kwan
- Robert Harley
- Property Observed
Real estate 2024: get ready for the hard grind
Whatever happens to interest rates next year, finance costs are not returning to pandemic lows. That’s a big burden for investors, developers and contractors, as well as home buyers and owners in mortgage stress.
- Robert Harley
Signa’s lofty property valuations point to brutal pain to come
The gap between book values and what buyers are willing to pay for a Berlin trophy tower is further evidence of commercial property’s price reckoning.
- Jack Sidders
November
NY’s Chrysler tower, London’s Selfridges caught in $38b meltdown
The owner of stakes in high-profile real estate is at risk of becoming one of Europe’s largest property meltdowns since the global financial crisis.
- Marton Eder, Libby Cherry and Laura Malsch
From Byron Bay to Toorak: the how and why of property investing
Private investors are weighing up market conditions, the cost of money and expected yield before ploughing into retail and industrial real estate.
- Nick Lenaghan
Australia must electrify 500 homes a day to meet 2050 emissions target
Achieving the country’s net zero carbon emissions goals will require a faster transition – and new sources of finance to make it happen.
- Michael Bleby
Lowy-backed Assembly restocks war chest with second $350m fund
The $456 million investment house has ruled off the first close of its new diversified property fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ivanka Trump feared father not rich enough for property deals
Poised and polite, Donald Trump’s daughter was the last family member to take the witness stand in a civil fraud case against the former president.
- Jack Queen and Luc Cohen
Dexus’ $2.3b Wholesale Australian Prop Fund tightens redemptions
It is the second time this year that the retail-focussed fund has made it harder for investors to pull their money out.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Property development
Investors face loss as part-built $22m tower goes back on market
The aborted residential project shows the risks of a turning market for property lenders – and their investors – of rising construction and borrowing costs.
- Michael Bleby
- Opinion
- Opinion
Are listed landlords prepared for the valuation reckoning?
In the depths of the pandemic, Scentre turned to hybrid capital to protect its balance sheet. Now, some argue office landlords should follow the mall operator’s example.
- Jonathan Shapiro
October
Hundreds of US banks threatened by rising wave of property defaults
America’s office stock has lost 40 per cent to 45 per cent of its pre-COVID value, courtesy of shrinking rents and the most aggressive monetary tightening of modern times.
- Ambrose Evans-Pritchard
Lendlease, Daiwa House to partner on $480m London development
The Australian and Japanese developers have just secured their third joint project on as many continents.
- Michael Bleby
- Exclusive
- Property development
Lighthouse gets $130m social loan from CBA, NAB
Specialist disability housing could grow to be a $10 billion sector but it could also boost the development of a new loan asset class.
- Michael Bleby
Why apartment developers will struggle to hire builders
With construction booming in social infrastructure such as health and education, the residential sector will need to do more to attract builders.
- Michael Bleby
- Opinion
- Chanticleer
‘Still at the beginning’: Blackstone says property shakeout coming
Blackstone’s Kathleen McCarthy says the usual signs of pain in the sector are only now emerging. But she’s confident the giant is well-placed.
- James Thomson
The housing boom drawing Japanese investment
Australia’s immigration-boosted growth is a magnet for Japanese investors facing their own shrinking population at home. And they like BTR in particular.
- Michael Bleby
- Opinion
- Chanticleer
Big office owners’ pitch can’t overcome interest rate fears
The big property groups love talking about their premium assets. Unfortunately, they need markets to settle down before investors are willing to listen.
- Anthony Macdonald
