Yesterday
Melbourne shuns office return, Sydney coaxed by redundancy fears
New figures also show Canberra has the second-lowest office attendance rates as public service workers do not face the same scrutiny as Sydney’s private sector.
- Campbell Kwan
This Month
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
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
Stockland says interest rates key to further market improvement
The country’s largest listed diversified developer said sales picked up in the March quarter, but lower borrowing costs were needed for the housing market to pick up.
- Updated
- Michael Bleby
Norway’s $2.5 trillion fund turns developer on UK trophy properties
First Brexit, then the pandemic and now higher interest rates – all these events have disrupted the plans of premium real estate investors.
- Kari Lundgren and Jack Sidders
Tenants race for top towers as B-grade buildings empty
The divide between prime buildings and secondary ones is most stark in Sydney. B-grade buildings will get left behind by tenants and lenders, experts say.
- Nick Lenaghan
Hidden billions in Tokyo real estate lure activist hedge funds
There’s a $222 billion gap between how companies value their real estate on their books, versus what those same properties would fetch in the current market.
- Lisa Du and Yasutaka Tamura
Data centre builders fight infrastructure for heavy cranes
Demand for the heaviest type of crane has pushed up costs at twice the rate of ordinary commercial cranes. And there aren’t enough of them.
- Michael Bleby
A different kind of property crash hits Dublin as Big Tech cuts
In the Irish Capital’s North Docks district, new buildings are falling into bankruptcy protection after US tech firms scaled back space and borrowing costs rose,
- Neil Callanan and Olivia Fletcher
Friend or foe: Lendlease may be Wylie’s white knight in Sydney CBD
A year after Milligan Group’s acquisition of the site, whispers about Tanarra Capital’s shaky position in the deal are starting to grow louder.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Boston eyes commercial tax rise to counter office market dip
The city’s plan would favour home owners while potentially deepening the pain for commercial real estate during a nationwide slump in office demand.
- Brooke Sutherland and Sri Taylor
Why Lendlease CEO Tony Lombardo landed on the career fast track
The double jolt of his mother being diagnosed with cancer and his father dying at an early age put Lendlease CEO Tony Lombardo on the career fast track to everything.
- Sally Patten and Lap Phan
Welcome to WeWork for spies
In this co-working space, only the cappuccino isn’t classified. Servicing the spook sector is a rare bright spot in the market for office facilities,
- Daniel Flatley
‘Build it and they will come’: Cbus Property’s $1b Bourke Street bet
The developer is confident there is opportunity in the office market shakeout, as blue chip tenants chase high-quality workspace for their employees.
- Nick Lenaghan
‘Tsunami’ of headwinds faces builders as collapses surge by a third
The latest official figures point to a 32 per cent increase in insolvencies across the sector this financial year.
- Larry Schlesinger
How living in an office could solve the housing crisis
Converting offices into homes can be an effective way of using underutilised space and creating more places to live. Not every building is suitable, though.
- Rosa Silverman
Mirvac’s $364m sale of tower stake at 17pc discount sets the pace
Office tower values around the world have tumbled in response to the rise of remote work and surging interest rates.The latest deal shows the bottom is not far.
- Nick Lenaghan
Adam Neumann and partners offer more than $766m for WeWork
The bid adds another dramatic chapter to the saga of the co-working firm and its charismatic founder, the subject of books, podcasts, a television series and a movie.
- Hannah Miller and Crystal Tse
March
- Exclusive
- Commercial real estate
Cushman & Wakefield taps Noral Wild to lead, deepens alternatives push
The commercial agency’s appointment of a new CEO for Australia and New Zealand signals the trends in commercial property it is aiming to tap.
- Updated
- Michael Bleby
Why invest in a house when you can get a 5pc yield on a laundromat?
The exodus of investors from the housing market is fuelling demand for small commercial properties like laundromats offering higher returns and sticky tenants.
- Larry Schlesinger
