Mirvac has sold a half share in the tower at 255 George Street.

Australia’s office block problem is getting worse

Office property valuations have collapsed by more than 10 per cent and alarm bells are ringing that they could fall even further.

  • Carolyn Cummins andSimon Johanson

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Lendlease’s Tony Lombardo.

Lendlease sells down Asian asset ahead of investor showdown

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.

  • Carolyn Cummins
Mirvac has lodged a development application to build a 31-storey,138-unit tower at Newstead.

Newstead development to tower over Gasworks

Plans for a third and final tower in Mirvac’s “Sky Precinct” at Newstead have been submitted for council approval.

  • Cameron Atfield
Now including 1000 student rooms:Artist’s impression of Melbourne’s Gurrowa Place project at Queen Victoria Market,which will also include an office tower and build-to-rent housing.

Build-to-rent increases pressure for law reform to underpin new housing

Build-to-rent developers and industry policymakers are applying the blow torch on all layers of government to get legislative reform for the burgeoning sector.

  • Carolyn Cummins
GPT-owned Melbourne Central shopping centre.

Big Gun malls roar back to life,generating huge sales

Melbourne Central mall has roared back to life as shoppers flock to its Monopoly Dreams store,students meet to hang out and commuters come for lunch.

  • Carolyn Cummins
The 60,000-square-metre tower at 435 Bourke Street will include landscaped open-air or mixed-mode terraces.

‘One of a kind’:New building to set ESG benchmarks

Large businesses would need a report with audit-ready data to show what their emissions are,which will be transformational for commercial property.

  • Nicole Lindsay
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Cloudy future:the barometer is falling for office tower values.

Property chiefs see green shoots despite tough year ahead

Leading property executives are confident they have the right strategies in place to tackle what they collectively forecast will be another challenging year for office,retail and industrial properties.

  • Carolyn Cummins
Campbell Hanan is the chief executive of Mirvac.

Mirvac inks $600m deal aimed at downsizing Baby Boomers

Property giant Mirvac will buy 27 land lease communities – where the home is owned but the land is rented – moving into the growing affordable housing market.

  • Carolyn Cummins
ISPT is selling the office tower at 270 Pitt Street,Sydney

Trophy office and retail assets to test buyer’s appetite

Fund manager ISPT is offering up a portfolio of retail and office properties worth about $600 million across Sydney and Melbourne.

  • Carolyn Cummins
406 Collins Street attracted offers from local,interstate and offshore investors.

Collins Street kicks goal in fourth quarter

It has been a lean year for Melbourne CBD office transactions,with potential buyers pitching lowball prices to vendors.

  • Nicole Lindsay