This Month
Lendlease mall investors finally get their money back
The $390 million sale of Cairns Central brings to a close a protracted effort by Lendlease to raise capital to meet redemption requests in its flagship shopping centre fund.
- Campbell Kwan and Nick Lenaghan
Big office landlords hungry for restaurants: steakhouse king
Seagrass Hospitality, which operates restaurants like Meat & Wine Co, is partnering with Dexus and Brookfield on new steakhouses in their office towers.
- Larry Schlesinger
Why Haben expects a Townsville mall to deliver an 8.5pc return
A flurry of mall deals has kicked off the week, including Stockland divesting its Townsville mall to Haben and Charter Hall divesting two malls for a total of $225.5 million.
- Campbell Kwan and Larry Schlesinger
Investors could net over 7pc returns from shopping mall deals
Greenpool Capital and Fawkner Properties have engaged in retail property deal activity to get compelling returns.
- Campbell Kwan
- Exclusive
- Commercial real estate
Australia’s first venue for exclusive London wine club’s about to open
Developer Ross Pelligra is counting on the country’s inaugural 67 Pall Mall to invigorate his closed 85 Spring Street office building in Melbourne’s CBD.
- Michael Bleby
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
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
Pizza Hut’s new owner says it has identified 400 possible store sites
Flynn Restaurant Group acquired the chain earlier this year. Its COO says the big gap between it and Domino’s means plenty of opportunities.
- Simon Evans
Malaysian family pays $50m for Coles-anchored regional mall
A wealthy Malaysian family has purchased Torquay Village near Geelong for $50m, while ASX-listed HomeCo Daily Needs REIT has offloaded a large-format centre for $68m
- Larry Schlesinger
- Opinion
- Property investment
Why property investors love fast food
It’s a high-profile sector that has shown more resilience in values and turnover over the past 18 months than retail or office. And it’s inflation-resistant.
- Robert Harley
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
NZ investor Ben Cook sells Bondi Beach shops for $31m
Auckland-based investor Ben Cook looks set to walk away with a healthy capital gain after selling 14 strata shops near Bondi Beach for $30.8m
- Larry Schlesinger
Bundaberg mall to sell on 8pc return as investors look to outrun RBA
Fund managers Centennial and Parkstone are in due diligence to buy Hinkler Central for $107 million, less than what QIC paid for it in 2015.
- Larry Schlesinger
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
Simonds family selling Melbourne site to pursue ‘New York opportunity’
The Simonds Family Office is not pushing ahead with an office project on South Yarra’s Chapel Street and will instead invest in its first US-based project.
- Larry Schlesinger
October
Is Australia running out of shopping mall space?
More than 2 million square metres more of shopping mall space would need to be built over the next decade to keep pace with Australia’s population growth.
- Nick Lenaghan
Retiree adds ambo station to SMSF as investors hunt infrastructure
Over $27m worth of social infrastructure assets were snapped at auction this week, including a Melbourne ambulance station which sold on a low 3.96pc yield.
- Larry Schlesinger
- Exclusive
- Shopping centres
Why Unibail is building flats at its Westfield malls
An unloved district of south London could showcase Unibail-Rodamco-Westfield’s reinvention from mall owner to full-spectrum urban redeveloper.
- Hans van Leeuwen
Singapore’s $35m shophouses are blazing-hot properties
Rows of shophouses in Singapore have gone from being thought of as urban relics to high-priced symbols of sophisticated city life.
- Selina Xu
