PCA replaces president
Charter Hall Office chief executive officer, Carmel Hourigan, was last week appointed the Property Council of Australia’s national president. The
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National
Australia’s largest home builder quietly sold
Japanese giant Sumitomo Forestry Group will become Australia’s biggest residential builder after quietly making the major business play for Metricon
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Pro-invest enters Australian co-living sector
Pro-invest Group will enter the co-living sector with a structure also including hospitality, arguably targeting wealthier occupants. The Flexible Living
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Office vacancy up as supply outstrips demand again
It is still a tenant’s market with vacancy up in almost all major city, fringe and suburban office regions, according
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Vale Lang Walker
Sydney developer Lang Walker died last night, aged 78. The philanthropist, with a net worth of c$4 billion according to
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OAM for bulky goods veteran
Ian Robinson – who from 1975 grew a Beacon Lighting outlet in Prahran to a national network with over 125
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Where will rents grow fastest across Australia’s major cities?
There is no end in sight for rising apartment rents, with five Australian markets likely to record mid to high
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Vale Hanbiao Liu
BEKL founder and chairman Hanbiao Liu died on Saturday. The executive – the L in BEKL, a developer and investment
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Value of flagship industrial fund dips
The value of Centuria’s flagship Industrial REIT (CIP) fell 6.4 per cent last financial year – to $3.839 billion –
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Office sector enters second year of record high vacancy
Australia’s CBD office vacancy rate rose again over the last six months – from 12.6 to 12.8 per cent –
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Boutique hotels outpace larger, international rivals: CBRE
A travel evolution sparked by the pandemic is driving the growth of Australia’s boutique hotel market, amid heightened demand for
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Dexus portfolio value drops $1b
Dexus has revalued 175 of its 182 properties as part of its end of financial year reporting. The fall –
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Bob Johnston to quit GPT
The GPT Group chief executive officer and managing director, Bob Johnston (pictured, top), will retire by the end of the
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Fortune favours the tenant as office vacancy rises again
Supply is again the leading reason for a rise in national CBD office vacancy – to 12.5 per cent from
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More accommodation needed as Chinese students return: PCA
A snap edict by the Chinese government forcing university students to return to face-to-face learning in their country of study
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Melbourne hits record high office occupancy since pandemic: PCA
Offices in Perth hit 80 per cent occupancy in November and Melbourne recorded its highest occupancy levels since the pandemic
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Report reveals extent of student spending
Students living in purpose-built student accommodation (PBSA) spend almost as much per month as the average Australian, according to a
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Hines, Cadillac Fairview seal landmark BTR deal
Hines and Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Fund, have formed a partnership to acquire
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Mirvac appoints new CEO
Mirvac has appointed Campbell Hanan as chief executive officer. The quinquagenarian has controlled the company’s Commercial Property division and Integrated
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GRESB rates Australian fund managers for ESG
The independent organisation which issues Environmental, Social and Governance rating, the Global Real Estate Sustainability Benchmark, or GRESB, has awarded
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Office occupancy lifts in September
The number of workers going into the office lifted in most CBDs in September according to the latest Property Council
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Pooled fund allows access to booming non-bank lending market
Supra Capital has launched a pooled fund, offering wholesale investors an alternative option for investing in Australia’s booming non-bank lending
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Office occupancy holds firm during end of Omicron wave
Office occupancy numbers have held their ground as the country dealt with the final phase of the latest wave of
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PGGM strikes Australian BTR partnership
US based Sentinel Real Estate, via a division, Sentinel Fund Manager Australia, has entered a partnership with Dutch pension fund
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Omicron wave pushes office occupancy backwards: PCA
A wave of Omicron and flu infections has caused office occupancy rates across most major cities to go backwards in
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Australian office vacancy up again: PCA
Australian office vacancy rose again – as several buildings which formed part of a development wave that started before COVID
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Metricon slams collapse rumours, asserts growth
Speculative media reports linking the suicide of Metricon co-founder Mario Biasin to a potential company collapse have forced acting managing
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Vale Metricon co-founder Mario Biasin
Mario Biasin, who co-founded Metricon Homes in 1976, died this morning, aged 71. He was understood to have been suffering
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ISPT appoints new CEO
Chris Chapple (pictured, top) will replace Daryl Browning as ISPT chief executive officer at an as-yet-undisclosed date, expected to be
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Fawkner, Waypoint trade $142m convenience retail portfolio
Fawkner Properties has acquired a portfolio of 29 convenience retail assets from ASX-listed Waypoint REIT, formerly known as the Viva
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