Ben Wilmot
Commercial Property Editor at The Australian
Articles
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1 week ago |
realcommercial.com.au | Ben Wilmot
United Arab Emirates-based developer Arada plans to take the Roberts Co building brand global despite the company’s woes in Victoria, where the future of key projects hangs in the balance. The fast-growing Arada has just snapped up the NSW operations for a nominal sum from tycoon Andrew Roberts, and wants to pour $100m into expanding into new markets, starting with the UAE.
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1 week ago |
theaustralian.com.au | Ben Wilmot
Centuria Capital has added to its holdings in the last mile logistics sector by picking up an asset near the Port of Melbourne for its $500m mandate from US powerhouse Starwood Capital. Starwood has been among the buyers in the hot logistics sector and has now bought a $33m industrial facility in the tightly held urban infill market of Tottenham, in Melbourne’s west.
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1 week ago |
realcommercial.com.au | Ben Wilmot
Billionaire Sam Arnaout is expanding his holdings beyond pubs and hospitality with the purchase of the landmark St Ives Shopping Village on Sydney’s North Shore for $450m. The purchase marks the entrance of the former panel beater, who has amassed a fortune of about $2.5bn, into the large-scale shopping centre market, and adds to his collection of more than 35 pubs and accommodation hotels.
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1 week ago |
realcommercial.com.au | Ben Wilmot
Australia’s construction industry is showing resilience as it is battered by large players going into administration and the scramble for labour as major infrastructure projects are undertaken around the country. The latest construction league report, compiled by BCI Central and powered by Hubexo, ranks Australia’s top construction firms by the total value of projects that commenced in 2024.
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1 week ago |
realcommercial.com.au | Ben Wilmot
Property heavyweight Mirvac has struck two deals to bring partners into its major projects, with fresh backers for its redevelopment of Sydney’s Harbourside complex and at a new industrial precinct at Badgerys Creek in Sydney’s west. The company and rival Stockland each gave healthy updates in which they said new homes were selling well, with the market boosted by the expectation of a post-election pick-up and interest rate cuts.
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