Billionaire Paul Lederer has 50 years of investment nous, building his own property portfolio. He’s putting that on the line in a funds management business.
Proceeds from the sale of the Clovelly deceased estate went to charity, meanwhile auctions remain competitive – but the depth of buyer demand may be easing.
Home buyers are spooked and moving to the sidelines, deferring decisions until they see how the Middle East conflict, rate increases and fuel prices play out.
The US private equity giant’s Australian property assets grew from $5 billion to $50 billion over the decade that Chris Tynan headed its real estate business.
The loss of investor tax benefits has had an “instant impact on market confidence”, analysts say. As the market falls, first home buyers are more cautious too.
Three-quarters of Goodman’s $14.5 billion global workbook is devoted to data centres. The boom in data centres is putting pressure on energy grids worldwide.
The Victorian government will shed 100,000 square metres of CBD office space as remote work deepens Melbourne’s vacancy crisis and fuels a business backlash.
