Nick Lenaghan

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.