Nick Lenaghan

The property is one of Victoria’s largest cattle stations and is home to Stone Axe Pastoral Company, a prominent, private-equity backed Wagyu producer.

Office funds have borne the brunt of the market correction, with capital values still more than 30 per cent below their previous peak.

Despite the advance, construction times remain stubbornly higher than a decade ago as productivity in the sector drops.

The deal is indicative of the changing of tides in the property sector after a downward cycle. Private syndicators are early movers back into the market.

The preliminary clearance rate nationally has lifted to 71.9 per cent despite the disruption of a long weekend in most states.

The target might look ambitious, but it would still be just a fraction of the 1 million rental units that Greystar has under management globally.

For a few years, it’s been a matter of survival for the sector. House prices are rising again, yet the legacy of high construction costs has cruelled supply.

Super fund giants Hostplus and UniSuper are spearheading a move to replace Lendlease with its rival Mirvac in running a prized property funds business.

HAMR Energy plans to develop a $1.8 billion facility at Portland on Victoria’s west coast to power aviation and shipping.

A vote on replacing Lendlease as manager for a $2 billion fund has been adjourned. It’s a first-round win as the property giant fights for its funds empire.

The involvement of Cbus Property in the ambitious project secures the future for one of city’s most high-profile but challenged developments.  

Big emitters, including the mining giant, will be tapping the offsets market as Australia races to meet its 2035 climate targets and farming becomes a focus.

The ASX-listed property giant is threatening to call its own vote to depose Mirvac from managing the real estate vehicles if it is itself dumped this month.

A scarcity of blue-collar workers has pushed up incomes and construction costs for housing. Builders say more skilled immigrants are needed to ease the pain.

Super fund Hostplus has been leading a push to dump Lendlease as the manager of a $10 billion wholesale property platform that it runs.

AJ & PA McBride, a sixth generation, family-owned wool producer, has put one of its most valuable properties up for sale.

The logistics property giant is reinventing itself as a data centre player anchored in artificial intelligence. A surge in earnings is making everyone rich.

Within five years, the country’s third-largest industry super fund expects to hold more real estate overseas than it does in Australia

Australia’s biggest shopping centre group owns a vast land bank around its malls, which it says can be redeveloped into thousands of new dwellings to fill the housing pipeline.

Owned by the state, Mapletree has 27,800 student beds globally. It’s entered the Australian market with a Perth project. There may be more to come.