Industry superannuation fund Aware and its global funds management partner Barings are betting on the resilience of Australian consumers to defeat the threat of higher interest rates, snapping up a shopping centre on Sydney’s North Shore for $180.1m.
Private equity real estate company Conquest has proposed one of the country’s largest-ever build-to-rent towers with a $1.5bn scheme in the western Sydney hub of Parramatta.
Real estate agency JLL is facing a legal claim from former human resources head Julie Skinner alleging that she was sidelined from her job before being abruptly sacked as a review into the company’s culture was undertaken.
Melbourne’s much-maligned office market is showing firm signs of a recovery in investor demand, with funds manager Bayley Stuart in talks to purchase a tower in Queen Street in the central business district for more than $170m.
Global asset manager Barings is targeting the purchase of the Darling Square office development in Sydney for about $360m as the market for larger office assets firms.
Global institutional investors are expected to lead the charge for a half interest in the Sydney Place development anchored by the Salesforce Tower, which is being sold off by China’s Ping An Real Estate for more than $900m.
Retail billionaire Solomon Lew has capitalised on the weakness in Melbourne’s office market to snap up the building occupied by his Premier Investments on St Kilda Road.
Developer Garry Rothwell’s Winten Property Group has reaped $65.5m from sale of the Charles Sturt University campus in North Sydney as education assets take centre stage.
A fight over the future of one of Australia’s biggest property funds has been brewing for years between Lendlease and unhappy super funds, led by heavyweights Hostplus and UniSuper.
Tycoon James Packer is looking to get into Mosman’s booming apartment development market, with a company he is backing now negotiating to buy a major site overlooking Sydney Harbour in the luxury enclave.
The listed MA Financial is looking to put a larger stamp on the property market and is making a near-$700m play for the famed Hyperdome complex to the south of Brisbane in rapidly growing Loganholme.
Paul Lederer is readying to fire back at troubled funds house Elanor as he attempts to wrench its main office fund from its grasp with a $285m takeover bid.
Fast-growing industrial and development business Cadence Property Group has unveiled plans to raise $500m from big institutions for a new fund looking to capitalise on demand for projects in tightly-held city precincts.
Billionaire Paul Lederer has laid out ambitions of turning around Elanor’s listed office fund as he tries to take it over and steer it away from the grip of its troubled manager.
Listed property company Lendlease has vowed to defend its flagship local real estate funds, even as it called off a vote on modernising the lucrative $10bn trusts where rival group Mirvac wants to eat its lunch.
The legislating of work from home ‘rights’ risks driving global capital out of Victoria according to property executives who warn the industry is tiring of the state’s taxes and overreach.