Nick Lenaghan
Financial Review
Melbourne, VIC, Australia
Contact Nick
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Past articles by Nick:
Rich Lister Magid sells $80m Manly Wharf
The Manly offering is part of family succession planning and follows Robert Magid’s sale of the Harbour Rocks Hotel in Sydney and the Hotel Lindrum in Melbourne. → Read More
Underappreciated, up for grabs: $120m Collins St mall on the market
St. Collins Lane is now virtually vacant as its current owners prepare for a major overhaul. → Read More
Dorms fill, room rates rise as international students return
Many operators are on track to reach normalised occupancy even before a full recovery in enrolment levels. → Read More
Logos takes logistics slice for $500m estate
The Eastern Creek site is a blank slate in a busy precinct, where industrial vacancy has fallen to 0.3 per cent. → Read More
Months of heavy rain a welcome boost for farmers
Improving supply and reduced irrigation demand were a double whammy that sent allocation prices in the Murray-Darling Basin tumbling last year. → Read More
Auction market levels out as clearance rates improve
Home sellers have reduced their expectations just as buyers return, helping the auction market to find a new equilibrium. → Read More
Mulpha builds and buys its way into hospitality recovery
Led by former Ardent Leisure chief Greg Shaw, Mulpha is just as happy operating hospitality assets as owning them. → Read More
Vendors eye private market as auctions cool
In Sydney, 28 per cent of scheduled auctions were withdrawn, the highest rate since April 2020. → Read More
Dexus, Mirvac offers weighed in tussle for AMP fund
Investors will vote on July 15 on whether to switch management of AMP’s flagship office fund to Mirvac. → Read More
Vote set for future of AMP’s $7.5b office fund
The tussle for control of the office fund, which hold stakes in some of Australia’s top office towers, complicates an over-arching deal that Dexus struck with AMP in April to take over the running of $28 billion in real estate and local infrastructure funds and mandates. → Read More
Dexus launches $800m industrial partnership
The boom in appetite for industrial assets comes as Dexus looks to accelerate its own efforts in fund management. → Read More
AirTrunk expands in Tokyo with $1b-plus data centre
Demand for data storage has risen markedly as the use of streaming services and e-commerce surges. → Read More
Housing shortfall fuels Sentinel’s $2b build-to-rent ambition
An estimated shortfall of 163,400 dwellings by 2032 has created an opportunity for build-to-rent developers. → Read More
Argus exits Gold Coast mall for $40 million
The Biggera Waters exchange follows last year’s record tally of retail property sales, nationally and in Queensland. → Read More
Packhorse takes cattle and carbon play into NSW
Part of the company’s strategy is to mitigate risk in its portfolio through the geographic spread of its assets. → Read More
Continuing boom in agricultural land market depends on the weather
A key swing factor underpinning the demand for land and price growth is what the weather does. → Read More
New year brings fresh opportunity for property bankers
A roundtable of top investment bankers considers the prospects for Australia’s listed property sector in 2022. → Read More
Spirit Super snaps up Schwartz family’s $330m Hobart project
The acquisition is the first for Spirit Super since its creation through the merger of MTAA Super and Tasplan. → Read More
Buyers spoiled for choice as auction boom rolls on
There were 4,136 listings nationally, making it the second busiest week for auctions to date, with the record set only a week earlier. But with a huge range of homes on offer, buyers are getting choosy and clearance rates have softened. → Read More
AMP Capital hangs onto $7b office fund
The recommendation resolves the future of the high-profile vehicle which holds interests in major CBD assets including the Quay Quarter in Sydney and Collins Place in Melbourne. → Read More