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National

National News Retail 

Wittner enters administration

April 16, 2025April 17, 2025 Marc Pallisco

Footwear retailer Wittner has entered administration. Established in 1912 and with over 20 standalone outlets, 25 department store concessions and

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Industrial National News 

South African billionaire, US operator bid for $2b storage business

April 7, 2025April 7, 2025 Marc Pallisco

South African billionaire Nathan Kirsch with US-listed Public Storage are seeking to buy out Abacus Storage King. The non-binding proposal

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National News Residential 

Avid buys AV Jennings

April 2, 2025April 2, 2025 Marc Pallisco

US-based Proprium Capital Partners, for its local managed arm Avid, has made a $365 million takeover bid for home builder

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National News 

Centuria Bass, Plenary appoint chiefs

March 31, 2025April 1, 2025 Marc Pallisco

In his 20th year with Plenary Group, Paul Crowe has been appointed chief executive officer. As part of a planned

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National News Retail 

Coles to retire two liquor brands, boost another

March 26, 2025March 30, 2025 Marc Pallisco

Coles will retire two liquor brands to focus on a third – a move hoped will better take on Dan

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National News 

PCA replaces president

October 29, 2024October 29, 2024 Marc Pallisco

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 News Residential 

Australia’s largest home builder quietly sold

September 30, 2024November 27, 2024 Marc Pallisco

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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Hotels National News Residential 

Pro-invest enters Australian co-living sector

March 1, 2024March 1, 2024 Marc Pallisco

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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National News Office 

Office vacancy up as supply outstrips demand again

February 1, 2024February 1, 2024 Marc Pallisco

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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National News Office Residential Retail 

Vale Lang Walker

January 28, 2024January 29, 2024 Marc Pallisco

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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National News Retail 

OAM for bulky goods veteran

January 28, 2024January 28, 2024 Marc Pallisco

Ian Robinson – who from 1975 grew a Beacon Lighting outlet in Prahran to a national network with over 125

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National News Residential Spotlight 

Where will rents grow fastest across Australia’s major cities?

October 26, 2023October 27, 2023 CBRE

There is no end in sight for rising apartment rents, with five Australian markets likely to record mid to high

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National News 

Vale Hanbiao Liu

September 27, 2023September 27, 2023 Marc Pallisco

BEKL founder and chairman Hanbiao Liu died on Saturday. The executive – the L in BEKL, a developer and investment

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Industrial National News 

Value of flagship industrial fund dips

August 15, 2023August 15, 2023 Marc Pallisco

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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National News Office Spotlight 

Office sector enters second year of record high vacancy

August 3, 2023August 3, 2023 Marc Pallisco

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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Hotels National News Spotlight 

Boutique hotels outpace larger, international rivals: CBRE

June 28, 2023June 28, 2023 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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Industrial National News Office 

Dexus portfolio value drops $1b

June 21, 2023June 24, 2023 Marc Pallisco

Dexus has revalued 175 of its 182 properties as part of its end of financial year reporting. The fall –

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National News 

Bob Johnston to quit GPT

February 11, 2023February 14, 2023 Marc Pallisco

The GPT Group chief executive officer and managing director, Bob Johnston (pictured, top), will retire by the end of the

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National News Office Spotlight 

Fortune favours the tenant as office vacancy rises again

February 2, 2023February 3, 2023 Marc Pallisco

Supply is again the leading reason for a rise in national CBD office vacancy – to 12.5 per cent from

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National News Residential Spotlight 

More accommodation needed as Chinese students return: PCA

January 30, 2023January 30, 2023 Property Council of Australia

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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National News Office 

Melbourne hits record high office occupancy since pandemic: PCA

December 8, 2022December 8, 2022 Property Council of Australia

Offices in Perth hit 80 per cent occupancy in November and Melbourne recorded its highest occupancy levels since the pandemic

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National News Residential Spotlight 

Report reveals extent of student spending

November 13, 2022November 13, 2022 Property Council of Australia

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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National News Residential 

Hines, Cadillac Fairview seal landmark BTR deal

November 2, 2022November 3, 2022 Marc Pallisco

Hines and Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Fund, have formed a partnership to acquire

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National News 

Mirvac appoints new CEO

November 1, 2022November 1, 2022 Marc Pallisco

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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Essential services Industrial National News Office Residential 

GRESB rates Australian fund managers for ESG

October 18, 2022October 19, 2022 Marc Pallisco

The independent organisation which issues Environmental, Social and Governance rating, the Global Real Estate Sustainability Benchmark, or GRESB, has awarded

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National News Office 

Office occupancy lifts in September

October 13, 2022October 13, 2022 Property Council of Australia

The number of workers going into the office lifted in most CBDs in September according to the latest Property Council

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National News 

Pooled fund allows access to booming non-bank lending market

September 14, 2022September 15, 2022 Marc Pallisco

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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National News Office 

Office occupancy holds firm during end of Omicron wave

September 8, 2022September 8, 2022 Property Council of Australia

Office occupancy numbers have held their ground as the country dealt with the final phase of the latest wave of

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National News Residential 

PGGM strikes Australian BTR partnership

August 25, 2022August 25, 2022 Marc Pallisco

US based Sentinel Real Estate, via a division, Sentinel Fund Manager Australia, has entered a partnership with Dutch pension fund

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National News Office 

Omicron wave pushes office occupancy backwards: PCA

August 11, 2022August 11, 2022 Property Council of Australia

A wave of Omicron and flu infections has caused office occupancy rates across most major cities to go backwards in

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National News Office Spotlight 

Australian office vacancy up again: PCA

August 4, 2022August 4, 2022 Marc Pallisco

Australian office vacancy rose again – as several buildings which formed part of a development wave that started before COVID

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National News Residential 

Metricon slams collapse rumours, asserts growth

May 20, 2022May 20, 2022 Marc Pallisco

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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National News 

Vale Metricon co-founder Mario Biasin

May 16, 2022May 20, 2022 Marc Pallisco

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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National News 

ISPT appoints new CEO

May 16, 2022May 17, 2022 Marc Pallisco

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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National News Retail 

Fawkner, Waypoint trade $142m convenience retail portfolio

April 28, 2022April 28, 2022 Marc Pallisco

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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National News 

Dexus moves to buy Collimate

April 28, 2022April 28, 2022 Marc Pallisco

Dexus has entered a Share Sale and Purchase Agreement for Collimate Capital Limited – the new name for AMP Capital’s

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National News 

JLL replaces ANZ CEO

April 7, 2022April 7, 2022 Marc Pallisco

JLL has appointed Dan Kernaghan (pictured, top) as Australia and New Zealand chief executive officer. The former office leasing department

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National News Office Spotlight 

CBD office occupancy rises in March: PCA

April 7, 2022April 7, 2022 Property Council of Australia

CBD workers are heading back to their offices with occupancy rates in Melbourne, Sydney, and Canberra all more than doubling

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Essential services National News 

Aware Super ups exposure in $2b Lendlease retirement living fund

April 1, 2022April 1, 2022 Marc Pallisco

Lendlease has sold a 24.9 per cent stake in its Retirement Living trust to Aware Super – Australia’s largest superannuation

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Hotels Industrial National News Office Residential Retail Spotlight 

Federal Budget 2022-23: how will it affect Australia’s key property sectors?

March 30, 2022April 1, 2022 Colliers

This is an excerpt of a Colliers Research report republished with permission. To download the full document, follow this link.

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National News 

Charter Hall, PGGM buy out Irongate

March 31, 2022March 31, 2022 Marc Pallisco

Charter Hall with Dutch pension fund PGGM has signed a scheme implementation agreement to take over Irongate (IAP) for $1.3

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Essential services National News 

NorthWest, GIC tip $2.4b into healthcare fund

March 17, 2022March 17, 2022 Marc Pallisco

Toronto listed NorthWest Healthcare Properties with Singapore sovereign wealth fund GIC will invest another $2.4 billion into a healthcare joint

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Essential services National News 

Centuria, Morgan Stanley form healthcare fund

March 16, 2022March 16, 2022 Marc Pallisco

Centuria has formed a joint venture with Morgan Stanley Real Estate Investing to acquire and develop healthcare product. The Centuria

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National News 

SRG snares WBHO Infrastructure

March 15, 2022March 15, 2022 Marc Pallisco

Western Australia based SRG Global has snapped up Probuild arm WBHO Infrastructure for $15.2 million. The deal was announced one

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Industrial National News 

ADIA boosts exposure to industrial fund

March 14, 2022March 14, 2022 Marc Pallisco

The Abu Dhabi Investment Authority will tip over a billion dollars into the LOGOS Australian Logistics Venture, created with LOGOS,

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National News 

WBHO calls in administrator for Probuild

February 23, 2022February 24, 2022 Marc Pallisco

Probuild has told its national workforce to down tools, with its parent, Johannesburg listed Wilson Bayly Holmes-Ovcon Limited (WBHO), putting

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National News 

Daryl Browning quits ISPT

February 23, 2022February 24, 2022 Marc Pallisco

Daryl Browning will step down as ISPT chief executive officer after 17 years. In a statement, chair Rosemary Hartnett said

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Industrial National News 

Blackstone spends $2.1b for stake in logistics portfolio

December 10, 2021December 10, 2021 Marc Pallisco

Blackstone, via its Core+ Real Estate strategy in Asia, will pay $2.1 billion for a 49 per cent stake in

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Essential services National News 

Ampol servos collect $73.5m

December 1, 2021December 1, 2021 Marc Pallisco

Charter Hall has snapped up a 49 per cent stake in another portfolio of Ampol service stations. The 20 assets

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National News 

Qualitas seeks to float

December 1, 2021December 1, 2021 Marc Pallisco

Qualitas, founded in 2008 by Andrew Schwartz and owned in equal part with backer Trawalla Group, directed by Alan and

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National News Retail 

Adairs snaps up Focus on Furniture

November 26, 2021November 26, 2021 Marc Pallisco

Adairs has snapped up smaller rival Focus on Furniture for $80 million. The deal gives the buyer control of 23

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National News Residential 

The Agency awarded $212,000 for false administration move

November 24, 2021November 24, 2021 Marc Pallisco

The federal court yesterday ordered a former The Agency board member pay $212,269 to the property broker for wrongly putting

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National News Residential 

Macquarie beefs up BTR presence

November 16, 2021November 17, 2021 Marc Pallisco

Macquarie Asset Management has invested in a Build to Rent company, Local, established by ex-Scape and Grocon acquisition manager Matthew

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National News 

Damien Frawley joins Mirvac board

November 15, 2021November 16, 2021 Marc Pallisco

Mirvac Group has appointed outgoing Queensland Investment Corporation chief executive officer Damien Frawley as non-executive director of the board. The

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National News 

Kylie Rampa appointed QIC CEO

November 11, 2021February 14, 2023 Marc Pallisco

Queensland Investment Corporation has appointed Kylie Rampa – who was raised in the state – as chief executive officer. Ending

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Industrial National News 

Blackstone makes $1.7b play for DALT stake

October 25, 2021October 25, 2021 Marc Pallisco

Blackstone is looking to take out a 49 per cent stake in the $3.5 billion Dexus managed Australian Logistics Trust

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National News Retail 

Aventus, HomeCo REIT proposed to merge

October 18, 2021October 18, 2021 Marc Pallisco

Aventus (AVN), co-developed in 2004 by Brett Blundy and Darren Holland, and listed six years ago, is intending to merge

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Essential services National News 

Ampol offers portfolio of surplus servos

October 15, 2021October 19, 2021 Marc Pallisco

Ampol is selling a portfolio of 18 service stations. The bulk are in regional locations in east coast states including

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National News Retail 

Nick Scali buys Plush

October 4, 2021October 4, 2021 Marc Pallisco

Nick Scali has purchased rival sofa retailer Plush from Greenlit Brands. The $103 million deal will see the buyer control

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Industrial National News 

Growthpoint invests again in APN fund

September 28, 2021September 28, 2021 Marc Pallisco

Growthpoint Properties Australia is seeking to acquire 14.74 per cent of new securities for the APN Industria REIT (ADI). The

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Hotels National News 

Charter Hall bids for ALE Property Group

September 20, 2021September 20, 2021 Marc Pallisco

Charter Hall – for its Long WALE REIT (CLW) and a trust managed for Hostplus – has entered a Scheme

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Essential services National News 

HealthCo REIT soars on debut

September 6, 2021September 6, 2021 Marc Pallisco

Home Consortium’s HealthCo Healthcare & Wellness REIT (HCW) listed today. Units in the fund closed at $2.32 – or 16

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Hotels National News 

Redcape proposes to delist

August 19, 2021September 10, 2021 Marc Pallisco

Postscript: shareholders voted to delist on September 10. Redcape Hotel Group directors have proposed to delist with a $247 million

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Industrial National News 

GPT acquiring Ascot industrial, office portfolio

August 15, 2021October 18, 2021 Marc Pallisco

The GPT Group is paying Ascot Capital $681.7 million for a portfolio of 24 investments. Containing a total lettable area

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National News 

ESR pays $7.1b for ARA AM

August 10, 2021August 10, 2021 Marc Pallisco

Hong Kong listed ESR is paying $7.07 billion (US$5.2b) for Singapore’s ARA Asset Management. The deal will see the buyer

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National News Office Spotlight 

Office vacancy hits highest rate since 1996

August 5, 2021August 5, 2021 Marc Pallisco

The office vacancy rate across Australia’s 18 key markets has increased since January to 11.9 per cent – the highest

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National News 

Lendlease sells Services business

July 22, 2021July 22, 2021 Marc Pallisco

Lendlease has sold its Services business for $310 million. The group said the deal is part of a strategy to

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Industrial National News 

ESR becomes Australia’s third largest industrial owner

June 17, 2021June 18, 2021 Marc Pallisco

ESR Australia today settled on a $3.8 billion purchase of 45 industrial investments – the Milestone collection – and a

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National News 

Investa appoints new chief executive

June 17, 2021June 19, 2021 Marc Pallisco

Investa has appointed Peter Menegazzo as the group’s chief executive officer, effective July 1. The businessman will replace Jonathan Callaghan

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Essential services National News 

Australian Unity, Dexus form healthcare partnership

June 9, 2021June 14, 2021 Marc Pallisco

Dexus has made a $180 million cornerstone investment in the Australian Unity Healthcare Property Trust. As part of the partnership,

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Industrial National News Office Retail 

Charter Hall Long WALE fund value lifts

June 8, 2021June 8, 2021 Marc Pallisco

A Charter Hall trust – responsible for about a tenth of the group’s funds under management – has recorded a

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Industrial National News 

CIP value increases $285m

June 3, 2021June 4, 2021 Marc Pallisco

Centuria is being rewarded for its decision to counter-cyclically invest in its Industrial REIT (CIP). Following a revaluation of its

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National News 

GIC to open Australian office

June 2, 2021June 2, 2021 Marc Pallisco

Singapore sovereign wealth fund GIC will open an Australian office next year. The landmark Chifley Tower, in Sydney – which

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National News 

Samsung Life acquires 25pc of Savills IM

May 31, 2021May 31, 2021 Marc Pallisco

Samsung Life and its real estate asset management subsidiary Samsung SRA have snapped up a 25 per cent stake in

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Industrial Land National News Office 

Fife spends $200m on Buckeridge portfolio

May 26, 2021September 22, 2021 Marc Pallisco

Fife Capital is reportedly paying $200 million for a portfolio of industrial, office and residential investments. The 39 properties were

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National News Spotlight 

Metropolitan office markets outlook, 1H2021: Colliers

May 15, 2021May 15, 2021 Colliers

Twelve months ago, the Australian office workforce was very much settled into the work-from-home routine and many questions were being

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National News 

Centuria makes takeover bid for Primewest

April 19, 2021April 19, 2021 Marc Pallisco

Two major real estate platforms – the ASX-listed Centuria Capital Group and Primewest – are proposing to merge. If successful,

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National News 

REA bids for Mortgage Choice

March 29, 2021March 29, 2021 Marc Pallisco

REA Group is seeking to acquire Mortgage Choice for $244 million. The broker, which amongst other things finds loans for

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National News 

The Agency Commercial is formed

March 25, 2021March 26, 2021 Marc Pallisco

The Agency Group is branching into commercial property. The ASX-listed real estate company has been investing heavily in its residential

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National News 

Date set for Woolworths, Endeavour split

February 24, 2021February 24, 2021 Marc Pallisco

Woolworths Group will separate its Endeavour Group, likely via a demerger, in June, 2021. The proposal was delayed a year

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