This Month
Dutch pension fund giant puts $700m into Sydney build-to-rent start-up
Apt.Residential has won the backing of PGGM, which has committed $700m to the rollout of 2500 apartments.
Goodman warns on China as data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
Rest Super, Barings snaffle $780m Goodman industrial portfolio
The Australian super fund and US investment manager have acquired 12 properties in Sydney and Melbourne, leased to the likes of Amazon and Metcash.
Loyalty program a huge driver of occupancy at Marriott hotels
More than one in two hotel rooms booked in Australia come through Marriott’s loyalty program, says Asia Pacific boss Raj Menon.
Why Michael Hill chose Chadstone to sell $1m diamond earrings
Michael Hill’s global flagship store will open in Melbourne’s biggest mall Chadstone, and will include a $1m pair of yellow diamond drop earrings.
Farm land price growth to ease to 5pc in 2024 as rural incomes fall
Price growth this year is expected to be less than half the near 11 per cent achieved in 2023, as a three-year agricultural boom fades.
Centuria lifts glasshouse portfolio to $450m with big Vic acquisition
Centuria has paid about $100m to buy the Katunga Fresh glasshouse facility in a sale-and-leaseback deal with the Van den Goor family.
‘Tired’ deceased estate sells for $1m more than guide
Auction clearance rates rose at the weekend despite a 10pc increase in listings. Buyer’s agent David Morrell says good properties are “flying out the door”.
FIRB changes are fine but please fix tax: investors
Changes to the foreign investment regime to boost investment in rental housing may count for little if tax settings remain a handbrake.
Developers bet on long-term tourism boom with new hotels
Developers have struck agreements with IHG, Hilton and Accor to operate new hotels in Brisbane, Townsville and Launceston as occupancy rates rise.
Qantas Super puts $200m into farms backed by Costa family
The superannuation fund will invest most of the money in two horticultural aggregations that will be expanded by Costa family-backed investment manager goFARM.
Planning delays transformed into social housing solutions at Toga
Property developer Toga turns vacant apartments and retail spaces in projects awaiting planning approval into pop-up accommodation for vulnerable communities.
Ventia creates careers for people with disabilities
ASX-listed infrastructure services company Ventia has increased the representation rate on some government contracts to 9 per cent.
- Exclusive
- Hotels
New Pullman to breathe life into Launceston’s ‘old’ hotel scene
The 139-room hotel will form part of the repurposing of the 1930s TAFE building overlooking Launceston by developer Red Panda.
April
- Exclusive
- Industrial
Batteries to power up warehouse pipeline as big as 40 MCGs
Dexus’ program to install batteries in all its new warehouses will cut its tenants’ energy bills by almost $100,000 a year and reduce their carbon emissions.
- Exclusive
- Rural property
Chinese billionaire to sell Tassie dairies after Fonterra deal sours
The Woolnorth dairy farms in north west Tasmania and the near 200-year-old Van Diemen’s Land Company are being sold by Chinese businessman Xianfeng Lu.
- Exclusive
- Rural property
Huge mango farming operation in NT for sale by receivers
Receivers are hoping to recoup almost $10m owed to NAB through the sale of the Cheeky Farms aggregation of mango plantations.
The Barbie effect: Mattel expands into mega shed
DHL has relocated its Mattel warehouse to a site 20 per cent bigger as the toy maker looks to cater for rising demand for its products after the hit movie.
Melbourne car park near Queen Vic Market tipped to sell for $120m
The large car park site at 380 Queen Street, which could support a multi-tower project overlooking Queen Victoria Market, is owned by Singaporean investors.
The Melbourne shopping hotspot that became a ‘ghost town’
Businesses on Bridge Road in Richmond, which has a whopping 15.5 per cent vacancy rate, fear an insolvency snowball effect.
