Mirvac

Sydney’s iconic Darling Harbour faces a dramatic transformation as Mirvac courts both a local hospitality leader and an Asian investment titan for its latest mega project.

Property group Mirvac has shown the office sector is recovering with its flagship wholesale fund in the sector raising $350m from investors, giving it the firepower to expand.

In a move which could shape the management of some of the country’s best office towers, Mirvac tops a field of property managers keen on Lendlease’s Australian property funds empire.

Investors are eyeing shares in publicly listed housing developers after a turbulent few years, as the recent interest rate cuts renew confidence in the sector. Property developers have struggled under the weight of high inflation …

Property developer Mirvac plans to add another Japanese company to its roster of backers on high-profile redevelopment of a prime Sydney harbour site.

Mirvac has fresh backers for its redevelopment of Sydney’s Harbourside complex and a new industrial precinct at Badgerys Creek in Sydney’s west.

The property developer has sold off another small site as it focuses on its larger, premium projects in Sydney.

More than $600m worth of offices have sold but buyers are demanding a discount before buying into the Victorian capital.

Developers are stepping up efforts to build apartment towers for a new generation of renters. But more needs to be done to clear the way for projects.