Investor and developers recently pumped $1 billion-plus into the booming industrial property sector.
The property giant has moved to simplify its business with the sale of life sciences interests in Asia,with chairman Michael Ullmer reportedly on his way out.
Investors downgraded the stock at a time when the global property giant is coming under pressure from other major shareholders to restructure the business.
Big corporates wanting to offload space are struggling to compete with landlords who are offering big incentives in rent deals.
Scentre Group has increased its security and is working with local police across its 42 Westfield shopping malls following the attack at its Bondi Junction centre.
Investors,developers and management groups are lining up to join boom-time conditions in the hospitality industry.
Billionaire and philanthropist Lang Walker was remembered as a transformative force in Australia’s urban landscape at a memorial service at Sydney Town Hall on Friday.
After a decade of pulling beers,businessman and former Qantas and Tourism Australia chair Geoff Dixon is calling last drinks as landlord of the 160-year-old Blues Point hotel,on Sydney’s lower north shore.
Tenants at Westfield Bondi Junction are preparing for the next phase of recovery,as messages of condolence left after the shocking attack two weeks ago are collected for victims’ families.
Older office and hotel buildings in Sydney and Melbourne are being turned into upmarket ‘club meets office meets hotel’ projects,sparking new life in strata markets.
Manly Wharf,at the gateway to Sydney’s popular northern beaches precinct,will be revamped – but the new owners will consult the local community before making any big changes.