This Month
How Sam Kennard built a $2.6b empire
The influential business figure always had ambition to work and grow the family company. But he didn’t expect his dad to give him total control when he was just 24 years of age.
- Julie-anne Sprague
Industrial vacancy rate rises for first time in five years
The modest increase in the industrial vacancy rate to 1.1 per cent nationally will slow down the pace of rental growth and increase choice for occupiers.
- Larry Schlesinger
- Opinion
- Property investment
Where to pounce on property in 2024
Forced sales could offer cashed-up buyers the chance to pick up a bargain.
- Sam Tamblyn
Is now the time to buy REITs?
With the peak in interest rates in sight, it may be time to consider the listed property trusts again. But be careful which stocks you buy, experts say.
- Larry Schlesinger
Inside Goodman’s first multistorey warehouse in Australia
Goodman is hoping its latest warehouse will convince Australians that building warehouses vertically is a solution to land constraints.
- Campbell Kwan
November
Private investors load up on industrial sites at $29m auction
All the industrial development sites up for sale at a commercial property auction found buyers despite the high costs of building.
- Campbell Kwan
Lender fears around falling office values grow
Office volatility will push back the development of new offices as the number of construction loans will dwindle, according to a commercial real estate lender sentiment survey.
- Campbell Kwan
- Exclusive
- Commercial real estate
‘Unloved, under-rented industrial’ a sweet spot for new fund
Irongate CEO Graeme Katz says building new warehouses doesn’t stack up, but buying and improving existing estates in good locations does.
- Larry Schlesinger
- Exclusive
- Property investment
Mitsubishi Estate’s next move will be in logistics
The $27 billion Japanese property company and investor says it will fill the gap in its Australian investment profile ‘pretty soon’.
- Michael Bleby
Renewable energy investment plans surge, ACIF forecasts show
Even as the pipeline of projects jumps after new climate change legislation, Australia is unlikely to meet its renewable energy target.
- Michael Bleby
Home builders hope infrastructure cuts will free up skills
Infrastructure is critical, but right now housing is the most critical infrastructure, economist Nerida Conisbee says.
- Michael Bleby
55 MCGs: E-commerce surge to lift demand for dedicated warehouse space
CBRE forecasts online retail spending to rise $15 billion over the next four years, a surge that will require an extra 1.1m sq m of new warehouse space.
- Larry Schlesinger
Concrete costs rise 50pc as infrastructure boom hits
Victoria’s $78.5 billion infrastructure pipeline has supercharged demand for concrete, pushing up prices for commercial builders.
- Michael Bleby
Industrial rents surge, but relief in sight as warehouse demand falls
Industrial rental growth is expected to ease back to more moderate levels over the final months of 2023 and into 2024 as demand for space falls, says JLL.
- Larry Schlesinger
Goodman targets distressed sellers, eyes $50b of data centres
Chief executive Greg Goodman says the industrial property group is poised to buy sites from those that must sell, while its data centre opportunity is now about $50 billion.
- Larry Schlesinger
Amazon opens biggest Perth warehouse in Dexus airport estate
The new 20,000 square metre fulfilment centre at Jandakot Airport can hold 3 million items, allowing Amazon to deliver more quickly to Perth residents.
- Larry Schlesinger
- Exclusive
- Commercial real estate
Australia’s freight future takes shape at $4b Sydney hub
The vast industrial estate will benefit from investment into a national rail freight network that will transform the way goods are moved along the east coast.
- Nick Lenaghan
Office tower values could tumble 20pc further: survey
Higher interest rates and bond yields – a key determinant of value for commercial property – as well as weak demand will weigh the heaviest on lower grade office space.
- Campbell Kwan and Nick Lenaghan
Build it and they will come: speculative warehouse development surges
Despite projects without a tenant locked in rising to 45 per cent of all supply, strong demand means vacancy rates will remain tight and rents will rise further.
- Larry Schlesinger
October
Rosy e-commerce outlook drives ex-Rich Lister’s move into new shed
New Aim will lease a 31,500 sq m state-of-the-art shed in Stockland’s new $2 billion Melbourne Business Park as e-commerce drives the industrial market.
- Larry Schlesinger
