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National

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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National News Spotlight 

Capital markets outlook 2021: Colliers

February 24, 2021February 24, 2021 Colliers

The pandemic has had deep economic ramifications across the globe during 2020. This economic slow-down is evident through the fall

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National News 

Lendlease sells retirement living stake

February 19, 2021February 19, 2021 Marc Pallisco

Lendlease has sold another 25 per cent stake in its Retirement Village Living business. The deal, with Aware Super, is

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National News 

H&M to shrink Australian footprint

February 10, 2021February 12, 2021 Marc Pallisco

H&M is preparing to shrink its Australian retail footprint. Two stores are on the line according to reports: Rockhampton and

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National News 

Lendlease replaces CEO

February 10, 2021February 10, 2021 Marc Pallisco

Lendlease chief executive Steve McCann will retire in June. Asia CEO Tony Lombardo (pictured, top) will replace him. Colleagues Kylie

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National News Spotlight 

Office vacancy up in all capitals except Canberra: PCA

February 3, 2021February 9, 2021 Marc Pallisco

The Property Council of Australia’s twice-annual Office Market Report shows vacancy rose in every capital except Canberra – where it

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National News 

Colliers appoints new Australian CEO

January 24, 2021January 27, 2021 Marc Pallisco

Colliers International has appointed Malcom Tyson as Australian chief executive officer. The agent will replace John Kenny who was last

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National News 

The Agency ‘purported administration’ ended by federal court

January 20, 2021January 20, 2021 Marc Pallisco

A “purported administration” entered into by The Agency’s biggest shareholder yesterday will end on February 1 following federal court orders.

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National News 

The Agency enters administration

January 19, 2021January 20, 2021 Marc Pallisco

Postscript: The federal court has reversed this decision. Read our story here. The Agency has been placed into voluntary administration

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National News 

Flight Centre to close 91 more stores

September 30, 2020September 30, 2020 Marc Pallisco

The COVID-19 led collapse of the travel industry has claimed another 91 Flight Centre stores. The ASX-listed group announced in

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National News 

GIC buys majority EALP stake from ESR Australia

September 28, 2020September 28, 2020 Marc Pallisco

Singapore sovereign wealth fund GIC will hold an 80 per cent stake in the ESR Australia Logistics Partnership (EALP) after

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National News 

Qantas flags national property consolidation including relocating Jetstar HQ

September 15, 2020September 15, 2020 Marc Pallisco

Qantas is conducting a group wide review of its rented space, particularly corporate offices. The airline is headquartered at a

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National News 

Clean Energy Finance Corporation invests in flagship Charter Hall logistics trust

August 13, 2020August 13, 2020 Marc Pallisco

In its first pure play industrial outlay, the federal government’s Clean Energy Finance Corporation will invest $50 million with Charter

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National News 

Charter Hall, GIC, buying 49pc stake in Ampol service stations

August 10, 2020August 17, 2020 Marc Pallisco

Charter Hall Group and Singapore’s GIC are paying $682 million for a 49 per cent stake in 203 Australian petrol

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National News 

KUBA takes Napoleon Perdis out of Priceline and into David Jones

August 10, 2020August 11, 2020 Marc Pallisco

KUBA Investments is making good on its promise to reposition the Napoleon Perdis business it acquired last April – replacing

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National News 

Metcash makes $57m bid for 70pc stake in Total Tools; plans to buy balance within four years

July 27, 2020July 27, 2020 Marc Pallisco

Metcash is expanding its hardware sector presence with a $57 million bid for a 70 per cent stake in middleweight

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National News 

Wesfarmers to close up to 75 Target Australia outlets and re-brand 92 as Kmart

May 22, 2020May 22, 2020 Marc Pallisco

Wesfarmers will undertake a major restructure of its Target business, close up to 75 stores and re-brand another 92 as

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National News 

Bardot quits bricks and mortar retail, returns to quality

May 6, 2020May 6, 2020 Marc Pallisco

Bardot is back – but as an online-only store. Five months after entering voluntary administration, chief executive officer Basil Artemides

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National News 

More companies shed staff, close shops citing coronavirus

March 25, 2020April 1, 2020 Marc Pallisco

Tens of thousands of Australian jobs were shed today as businesses plan for losses stemming and set to come from

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National News 

Government temporarily bans public auctions and inspections, part of updated social distancing measures

March 24, 2020March 25, 2020 Marc Pallisco

Public auctions and inspections will be temporarily banned following a national cabinet decision earlier tonight. Service based retailers including beauty

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National News 

Michael Hill closes 304 stores, lets go of 1600 Australian staff, because of coronavirus

March 24, 2020March 25, 2020 Marc Pallisco

Citing the difficulty operating its business given social distancing rules, Michael Hill has shut its global network of 304 jewellers

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National News 

Spotlight Group buys Harris Scarfe

March 3, 2020March 4, 2020 Marc Pallisco

Spotlight Group has pulled Harris Scarfe out of receivership. The Melbourne based, family-owned Spotlight acquired the 170-year old Adelaide-founded department

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National News 

ISHKA placed into voluntary administration

February 19, 2020February 20, 2020 Marc Pallisco

Homewares retailer ISHKA was placed into voluntary administration today. Established in Melbourne’s Glen Iris 49 years ago – the family

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National News 

Kaufland withdraws from Australia after creating development pipeline

January 22, 2020January 29, 2020 Marc Pallisco

It was hoping to hit the ground running – taking on Aldi, Coles and Woolworths – but Kaufland in Australia

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National News 

Jeanswest in Australia enters administration

January 17, 2020January 17, 2020 Marc Pallisco

Jeanswest’s Australia arm is the latest retailer to enter voluntary administration. The casual and maternity clothing company, founded by flamboyant

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A.C.T. National News 

Timezone, Kingpin owner TEEG opens 300th venue with plans for 50 more next year

December 20, 2019December 20, 2019 Marc Pallisco

The Entertainment & Education Group (TEEG) – the largest operator of family entertainment venues in the Asia Pacific – has

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National New South Wales News Queensland South Australia Victoria 

Scape pays $2 billion for Urbanest’s Australian student accommodation portfolio

December 14, 2019December 14, 2019 Marc Pallisco

Scape Australia is paying $2 billion for a portfolio of student accommodation units in Sydney, Melbourne, Brisbane and Adelaide. The

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National New South Wales News 

ESR seeds office mandate with two wholly owned business parks worth $138 million

December 13, 2019December 15, 2019 Marc Pallisco

ESR Cayman Limited will seed an office focused mandate using two wholly owned Sydney business parks, picked up as part

Read more
National News 

Charter Hall pays BP $840 million for 49 per cent stake in 225 service stations

December 12, 2019December 14, 2019 Marc Pallisco

Charter Hall (CHC) is paying petroleum giant BP Australia Pty Limited $840 million for a 49 per cent stake in

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National News 

Harris Scarfe for sale after being put into receivership and entering voluntary administration

December 11, 2019December 12, 2019 Marc Pallisco

Harris Scarfe – one of South Australia’s oldest retail chains – entered voluntary administration today after being put into receivership

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National News 

Acumentis the new name for Landmark White

December 9, 2019February 22, 2021 Marc Pallisco

Valuation and advisory firm Landmark White has rebranded as Acumentis. The name is derived from two Latin words, it described:

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