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Office

This Month

Quality trumps quantity in North Sydney’s office ‘bloodbath’

With a building boom under way, North Sydney’s office sector is facing a risk of oversupply. But the big developers say the post-pandemic market is turning in favour of their projects.

  • Nick Lenaghan

Marprop enters Adelaide with $70m tower deal

Purchased on behalf of an offshore institution, it is Marprop’s first acquisition in South Australia. The deal tops off about $600 million worth of transactions.

  • Nick Lenaghan

Spying on staff won’t make them work, warns Microsoft

About 85 per cent of managers worry that they can’t tell if employees are getting enough done, while 87 per cent of workers say their productivity is just fine.

  • Dina Bass and Emily Chang

Get back to the office, or get forgotten

The generation of 35-50 year olds is fast becoming the forgotten generation. They seem to have convinced themselves that their careers still have potential while working from home.

  • Michael Cook

Lendlease in $1.4b London office deal

The 21 Moorfields deal is typical of the assets Lendlease wants to acquire as it increases its global funds under management to $70 billion by 2026.

  • Michael Bleby
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MA Financial, Centuria team up to buy landmark Perth office tower

Allendale Square’s new owners are confident that the inherent value of the building will provide plenty of scope for leasing upside.   

  • Nick Lenaghan

Time to do away with gas in buildings, GBCA says

The cost of electrifying buildings - needed to reduce the country’s carbon footprint - widens the fault line between newer and older assets.

  • Michael Bleby

Why bosses want you back in the office

Most people like working from home for at least part of their working week. But while flexible work is here to stay, so is the office.

  • Jennifer Hewett

Workers at home will be replaced by robots: Charter Hall CEO

The head of the country’s largest office landlord warns workers to get back to the office, but says automation will also cut leasing needs for some companies.

  • Michael Bleby

Charter Hall buys new $300m ATO HQ in Canberra

The acquisitive developer and fund manager says nearly a third of its office portfolio is leased to government tenants.

  • Michael Bleby

North Sydney home of US consulate changes hands

The latest transaction comes amid a wave of investment and development into Sydney’s second CBD, a boom that could deliver $11 billion of real estate when complete.

  • Nick Lenaghan

Hong Kong property tycoons get flexible as office space glut grows

With COVID-19 isolation policies tipping Hong Kong’s economy into recession, companies and banks such as Société Générale and Deutsche Bank have downsized in the territory over the past two years.

  • Primrose Riordan, Chan Ho-him and Mercedes Ruehl

Co-working hub to anchor Rich Lister’s $70m Melbourne tower

Developer Hirsch & Faigen, backed by United Petroleum co-founder Eddie Hirsch, has pre-leased almost a third of its Abbotsford tower to The Hive for 15 years.

  • Larry Schlesinger

New City of Sydney net-zero rules boost values of green buildings

The new rules, endorsed by the council last month, are likely to accelerate what property chiefs have called a “bifurcation” in the post-pandemic office market.

  • Nick Lenaghan

Adelaide church aspires higher with office tower for health precinct

Rising above Adelaide’s oldest church, the new tower will form a key node in the city’s emerging $4.2 billion biomedical precinct.

  • Nick Lenaghan
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Shifting workplace sands boost Moufarrige’s Ility

The pandemic that accelerated workplace changes has boosted the need for physical rights management software that the former Servcorp COO has developed.

  • Michael Bleby

Canberra shows the changing world for office workers

Although office occupancy rates are going sideways, changes in the nation’s capital reveal a new way of work for white-collar workers.

  • Michael Bleby

Shakespeare chimes with $140m Macquarie Street tower

The mooted transaction represents an emerging wave of capital, looking for value-add CBD opportunities with confidence in the longer-term resilience of city workspaces.

  • Nick Lenaghan

Realside lines up funds to buy Perth tower with Lendlease

Private markets investor Realside is chasing $100 million to buy a stake in Perth office tower alongside property bigwig Lendlease. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Fund manager MPG hits $1 billion after regional buying spree

Established 20 years ago by the McMullin and Gorman families, MPG hit $1 billion after securing four properties, including a government office in Shepparton.

  • Larry Schlesinger