Yesterday
PGIM hops on private credit boom with $750m fund
The global fund manager’s first local private credit fund has raised $300 million and received an additional $300 million in commitments so far.
This Month
Interest rate uncertainty dogs builders as buyers stay away
Less than half of companies polled by Macquarie said they expected sales to increase, even as inquiries for new houses begin to increase from last year’s lows.
Redcape sells trio of pubs for $136m to meet priority redemptions
Redcape managing director Chris Unger said the group will pay out priority redemptions and provide $40 million of liquidity over the next year.
Office deal flow still a trickle despite 60pc increase
Office deal activity will not ramp up quickly as due diligence processes are taking as much as four times longer due to concerns about the sector.
Tamawood profit jumps, but can’t predict FY25 earnings
Chairman Robert Lynch said factors such as the Queensland election, weather and land shortages meant it was “impossible” to predict the builder’s performance.
Albanese expects Payman to quit Labor in coming days
Anthony Albanese said the plan had been in place for “for more than a month”; New home builds well below National Cabinet’s goal; China, Taiwan tensions escalate after boat seized. How the day unfolded.
- Updated
Crown Group founder fails to raise funds to buy back 473-unit site
Crown Group co-founder Paul Sathio had won the tender to buy the site but was unable to accrue enough funds by the settlement date.
June
Why this family is swapping a six-bedroom house for apartments
Lexi Dodd and her family are moving into apartments ahead of a new chapter, where being closer to cafés and restaurants is more important than space for kids.
- Exclusive
- Industrial relations
Union bans delay $1.7b transport link to Western Sydney Airport
Industrial action has delayed the critical interchange for the city’s second airport by months and is sending subcontractors close to the wall.
- Exclusive
- Office
Dexus-Canadian fund cashes out $310m Martin Place stake at a discount
Office valuations have been progressively written down over the past two years as the sector absorbs the cost of high rates.
Sydney landmark Luna Park hits the market
Canadian property giant Brookfield is stepping off the ride at the famed harbourside attraction and is ready to hand the fun times over to a new owner.
- Updated
- Exclusive
- Office
Minters to sit atop Mirvac’s 55-storey office tower
The top-tier law firm will take up the top floors of 55 Pitt Street, as Sydney’s legal eagles vie for the best perches across the CBD.
- Exclusive
- Industrial relations
Pay dispute delays construction of 1600 homes
Industrial action by workers at poles and wires company Endeavour Energy is stalling the delivery of 1600 homes and $1.2 billion worth of warehouses in Sydney.
WeWork’s exit opens opportunity for new co-working hub
The owner of 66 King Street in Sydney’s CBD has taken over the space from WeWork and decided to run his own co-working office there under a belief that he can do it better.
Dutton a ‘pussycat’ in front of China: PM
Anthony Albanese has hit back at Peter Dutton’s criticism of his handling of China blocking Cheng Lei at press events, citing that the opposition did not raise any issues at the event. How the day unfolded.
- Updated
- Exclusive
- Office
Mirvac set to sell two office towers at discounts of more than 20pc
Pricing for the latest deals on the office towers in Sydney and Melbourne – worth close to half-a-billion dollars in total - shows just how far values have fallen.
NSW’s ambitious plan to build 30,000 new homes
The NSW government will intervene in the construction sector by releasing surplus land that will be used for home building.
Winners and losers in the NSW budget
Prospective homeowners, essential workers and developers are the biggest winners, while middle-income households facing cost of living pressures lost out
‘Stealth’ land tax could drive investors from NSW and push up rents
Propertybuyer founder Rich Harvey says the land tax threshold freezes are a tax grab and he is “thinking twice” about buying more properties in NSW.
Vicinity’s $96m exit at Pilbara mall opens door for syndicator
For Vicinity, the sale is the latest in a run of exits from smaller assets as it looks to drive an ambitious development program at its top malls.
