This Month
Property giant GPT slammed as too ‘woke’ for growth
GPT’s chair Vickki McFadden has defended the company’s efforts on environmental and social issues at its annual shareholder meeting.
- Nick Lenaghan
- Opinion
- Chanticleer
Blackstone’s Jon Gray reveals ‘defining theme for the next decade’
The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way.
- James Thomson
The overlooked asset class that could set you up for retirement
Residential property investment is good for accumulating wealth, but commercial property will provide retirees with a better income stream.
- Michelle Bowes
Rest Super, Barings snaffle $780m Goodman industrial portfolio
The Australian super fund and US investment manager have acquired 12 properties in Sydney and Melbourne, leased to the likes of Amazon and Metcash.
- Larry Schlesinger
Victoria has become a poor state: economist Saul Eslake
The southern state’s high dependence on property and population growth has a fallout felt beyond its borders.
- Michael Bleby
Americans went all-in on self-storage. That demand is suddenly cooling
One of the reasons for the drop in demand for self-storage units is that people aren’t relocating as much as they did during the pandemic.
- Martha C. White
Lagging real estate stocks have dipped too far, analysts say
A growing sense of confidence about US borrowing costs makes analysts covering the industry’s stocks expect a 15 per cent rally in the next 12 months.
- Norah Mulinda
- Exclusive
- Hotels
Adgemis, fighting fires, now has the Tax Office at his door
The Tax Office is knocking on the door of Jon Adgemis’ embattled pub group for more than $10 million as the former KPMG rainmaker attempts to save his empire.
- Max Mason and Primrose Riordan
Singapore’s offices await a new wave of tenants
An eight-year cycle in which the tech industry provided demand for working space is coming to an end. Landlords don’t know who their next tenants will be.
- Andy Mukherjee
Crown Group’s divorce nears finish as assets get divvied up
Since liquidators were appointed to Crown Group, the founders have bought assets from each other while selling unfinished projects to repay lenders.
- Campbell Kwan
- Exclusive
- Affordable housing
Addenbrooke sells site meant for controversial land swap deal
The property developer has sold the Sydney site that sparked a reshuffle of the A2B board, ending an almost three-year saga.
- Campbell Kwan
Planning delays transformed into social housing solutions at Toga
Property developer Toga turns vacant apartments and retail spaces in projects awaiting planning approval into pop-up accommodation for vulnerable communities.
- Larry Schlesinger
Ventia creates careers for people with disabilities
ASX-listed infrastructure services company Ventia has increased the representation rate on some government contracts to 9 per cent.
- Larry Schlesinger
April
Another 10pc fall tipped for office tower values before bottoming
CBD office tower values have been battered by the shift to remote and flexible work, uncertain business conditions and high rates.
- Nick Lenaghan
- Opinion
- Chanticleer
Investors need to turn detective in the hunt for interest rate pain
Several sectors on the ASX have surged on the prospect of rate cuts that aren’t coming any time soon. It’s time for investors to reassess.
- James Thomson
BTR push in Sydney’s west gains steam despite flood risks
The NSW planning department concluded that increasing housing supply outweighed potential risks such as flooding for one BTR project.
- Campbell Kwan
- Exclusive
- Industrial
Batteries to power up warehouse pipeline as big as 40 MCGs
Dexus’ program to install batteries in all its new warehouses will cut its tenants’ energy bills by almost $100,000 a year and reduce their carbon emissions.
- Larry Schlesinger
- Exclusive
- Food & drink
Jon Adgemis’ lender pushes to sell his Darlinghurst Hotel
Another lender does not want the sale to go ahead. The crisis highlights the rosy valuations of the indebted pub baron’s properties.
- Primrose Riordan
The Barbie effect: Mattel expands into mega shed
DHL has relocated its Mattel warehouse to a site 20 per cent bigger as the toy maker looks to cater for rising demand for its products after the hit movie.
- Larry Schlesinger
Melbourne car park near Queen Vic Market tipped to sell for $120m
The large car park site at 380 Queen Street, which could support a multi-tower project overlooking Queen Victoria Market, is owned by Singaporean investors.
- Larry Schlesinger