Commercial Property Development News

Build-to-rent has won out in the battle for a huge Sydney site that was once destined to be a data centre. The buyer is fast becoming the largest operator in NSW.

Sydney’s suburban office markets will recover over five years as offices are converted into apartments and as companies shift back to areas with strong transport connections.

The collapse of this Australian builder sent shockwaves through the industry. Now, the billionaire tycoon behind the failure is making a desperate move.

Australia’s largest state farming organisation is selling two lower north shore office blocks with big prices expected.

The IPO breaks the drought of major raisings in the property sector and shows that demand is strong for housing stocks.

Sydney’s Sir Stamford Circular Quay faces wreckers as apartment boom takes hold. But its choice of partner is controversial as other units of the builder set up by tycoon Andrew Roberts still face demands from creditors.

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 …

Cbus, Neil Werrett’s Galileo Group and Justin Brown’s Abadeen have abandoned long-held plans to develop a $700m tower near the Sydney Harbour Bridge, quietly unloading it to developer ALAND.

The Roberts Co operation remains in limbo with major projects stalled but founder Andrew Roberts wants a clean exit via a deed of company arrangement that would see employees paid in full.